a subsidiary company is in process of obtaining it's operation license, can it book it's expense in holding company till starting it's operations?
what is the correct treatment in both books?
3 Replies
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 23 February 2021
Since ever company have separate identity of their own it cannot be booked in holding company accounts
Arun Jindal
(11 Points)
Replied 23 February 2021
Company has not obtained its operation license, so how it can booked operating expenses before obtaining it's license
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 23 February 2021
They are pre operating expenses
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