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Consolidated Financial Statements

Accountancy

Sir what if the subsidiary company's opening balance shows debit balance (loss), what to do in this situation sir? can we distribute this loss to holding and minority interest in pre-acquisition ? can this happen sir? sir i send one question in which opening balance of p&l has loss occured. Video Details ------------- Advanced Accounting - Free Modules Consolidated Financial Statements - Free #16. Revaluation: Treatment in AoP - I

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39 - Sri Sankar G

39 - Sri Sankar G

CA Inter

0

10-Apr-25 15:41

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Answers (1)

Best Answer

The opening negative balance is used to compute goodwill or capital reserve.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

10-Apr-25 16:41

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