Tag Archives | Consolidation

Consolidation of Profit and Loss Accounts (With Illustrations)

Apart from the usual items of gains, incomes, losses and expenses which will appear in the profit and loss accounts of both the holding and the subsidiary companies and which will therefore be aggregated, some adjustments will be required. The following are the most important: (1) The profit of the subsidiary company arising before the […]

Balance Sheets and Profit and Loss Accounts | Holding Companies

In England the holding company is required to present, in addition to its normal balance sheet, a consolidated balance sheet covering the holding company and its subsidiaries and a consolidated profit and loss account. In India, the law does not insist on consolidated accounts but there is no doubt that for a clear picture, it […]

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