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Consolidation of financial statements
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How to calculate % of holding here
Answers (11)
venkatesh sundharamoorthy
But you should after that give an adjustments in trees for bonus by reducing the reserves in analysis of profit
If u don't mind can u put the percentage of holding Calc in numbers
Thread Starter
krishna prasanthiIf u don't mind can u put the percentage of holding Calc in numbers
Okay I will send tonight, the complete solution for this sum .
venkatesh sundharamoorthy
Okay I will send tonight, the complete solution for this sum .
Thank you very much!!
venkatesh sundharamoorthy
Sir please verify this one @suraj lakhotia sir
One small aspect you missed. Interest not credited to P&L. You need to add interest to P&L. So the P&L will be 1,60,000 and not 1,59,000
CA Suraj Lakhotia Admin
One small aspect you missed. Interest not credited to P&L. You need to add interest to P&L. So the P&L will be 1,60,000 and not 1,59,000
SIR but I did this in holding company by adding 1000 ( becoz for holding comapny it is interest payable which is already recorded now I reverse it ,the impact of inter company transaction will be removed Sir) refer notes to acc If it is already paid means ,we can add it as income but it is still receivable from holding co So I just removed the inter company transaction impact from holding company Or First add in subsidiary and then reduce 21000 long term borrowing in consolidated balance sheet( contra adjustment)?
venkatesh sundharamoorthy
SIR but I did this in holding company by adding 1000 ( becoz for holding comapny it is interest payable which is already recorded now I reverse it ,the impact of inter company transaction will be removed Sir) refer notes to acc If it is already paid means ,we can add it as income but it is still receivable from holding co So I just removed the inter company transaction impact from holding company Or First add in subsidiary and then reduce 21000 long term borrowing in consolidated balance sheet( contra adjustment)?
NIdhi has not credited interest. So you need to add to profit of Nidhi.