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consolidated financial statements

Accountancy

why is the bad debts provision added back in the uniform accounting policy video?

Isabel Kingston

CA Inter

★ 5K+

11-Jan-22 16:45

346

Answers (3)

That's because consolidation has to be done using uniform accounting policies. B Ltd. had a policy of doing something which A Ltd., the holding company did not do. So, B Ltd. would have deducted that amount before, now we add back

Sahibdeep Singh

CA Inter

★ 14K+

11-Jan-22 17:29

Sahibdeep Singh

Thank you sir

Thread Starter

Isabel Kingston

CA Inter

★ 5K+

11-Jan-22 17:32

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Azmi RZmi

CA Final

★ 9K+

12-Jan-22 16:12