Consolidation of Financial Statements

Accountancy

in down stream transaction if the holding company sold goods at a loss to subsidiary, and the goods is lying unsold in the subsidiary company.Then what is the treatment given in consolidation? Video Details ------------- P1 - Advanced Accounting - Without AS Consolidated Financial Statements #52. Unrealised Profits - Downstream Transactions

Niveta Rajkumar

CA Inter

★ 6K+

06-Aug-24 11:13

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Answers (1)

Eliminate the loss.

CA Suraj Lakhotia

Admin

06-Aug-24 11:21