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What is meaning of standlone financial statements sir


KILLI VINAY KUMAR

KILLI VINAY KUMAR

CA Inter

0

10-Feb-21 09:06

29

Answers (2)

Best Answer

The term is used in case a company has subsidiaries. Standalone financial statements mean financial statements of single company / entity only i.e. holding company only. They represent financial position and performance of holding company, without considering position and performance of subsidiaries. When it includes financial position and performance of subsidiaries, they are known as consolidated financial statements.


Sahibdeep Singh

Sahibdeep Singh

Moderator

10-Feb-21 09:46

Financial statements of the company alone. Consolidated financials means of the company and all of its subsidiaries combined together


Sriram Somayajula

Sriram Somayajula

Admin

10-Feb-21 09:43

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