p&l of subsidiary inclusion

Accountancy

sir, we actually won't take subsidiary's p&l bal. while preparing consolidated balance sheet right? then why are we including it here? Video Details ------------- P1 - Advanced Accounting - Without AS Consolidated Financial Statements #60. Illustration 9 : Solution

Poojasree Shakthiraam

CA Inter

★ 25

12-May-25 09:59

266

Answers (3)

We include subsidiary P&L balance as a part of group P&L balance.

CA Suraj Lakhotia

Admin

12-May-25 11:47

only pre acquisition would not be considered.

CA Suraj Lakhotia

Admin

12-May-25 11:47

ok sir, thank you

Thread Starter

Poojasree Shakthiraam

CA Inter

★ 25

12-May-25 15:38