Consolidation

Accountancy

Here interest â?¹400 is inter company balance which is to be eliminated right? They have eliminated but have also added â?¹400 in reserves and surplus ( profit and loss A/c) of holding company in consolidated balance sheet as qccrued interest.... Why?

parvesh s

CA Final

★ 2K+

23-Oct-22 23:49

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Answers (5)

Can u pls post the solution

Thanusha Lakshmi

CA Final

★ 3K+

24-Oct-22 15:53

Thanusha Lakshmi

Can u pls post the solution

Yes

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parvesh s

CA Final

★ 2K+

24-Oct-22 21:42

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parvesh s

CA Final

★ 2K+

24-Oct-22 21:45

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parvesh s

CA Final

★ 2K+

24-Oct-22 21:45

Since it is not yet accounted, there is not need for any further adjustment.

CA Suraj Lakhotia

Admin

26-Oct-22 11:28