Consolidated balance sheet

Accountancy

Why provision for bad & doubtful debts is not adjusted when we made consolidation?

Kamal Kumar

CA Inter

★ 7K+

25-Apr-23 22:53

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Answers (5)

Pls share the question.

CA Suraj Lakhotia

Admin

26-Apr-23 15:31

CA Suraj Lakhotia Admin

Pls share the question.

Illustration 11

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Thread Starter

Kamal Kumar

CA Inter

★ 7K+

26-Apr-23 17:04

Thread Starter

Kamal Kumar

Illustration 11

To bring in line with holding company

CA Suraj Lakhotia

Admin

26-Apr-23 17:20

CA Suraj Lakhotia Admin

To bring in line with holding company

Sir could u explain it? Why we do?

Thread Starter

Kamal Kumar

CA Inter

★ 7K+

26-Apr-23 17:23

Accounting policy should be consistent. Actually in this question, it is an estimate and you can continue to deduct 1%

CA Suraj Lakhotia

Admin

26-Apr-23 17:26