Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference bitween Consolidated and Parent
Companies?
- 2 Answers
- 17200 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / viswanatha
onsolidated f/s like combined f/s sum up the reporting entities or subsidiaries transactions into a total.
The difference is that consolidated f/s will eliminate transactions where subsidiary entities bought and sold goods or loaned each other money. For example lets say we have Parent company P and subsidiary companies S and T. S sells 1,000 widgets to T for 10 each = $10,000. S would record revenue of $10,000 and T would record expense of $10,000. However when P consolidates the f/s P would eliminate that sale as an inter-entity transaction, if not, then revenue and expenses would be over stated by $10,000. P is really just moving money from one pocket to another, there is no sale where P actually gains real income.
Hope this was helpful.
| Is This Answer Correct ? | 6 Yes | 0 No |
what is suspense a/c?
Journalise- opened a saving a/c with S.B.I. ?
How to show Airticket Expense on Company's A/c as Company expense
export sales contract and domestic sales contract? india's trade in commercial services?
What is the difference between Target and Budget?
Company Providing Mobile handset to all employee on free of cost and returnable basis while leaving the job. My query is- how i account the above transaction - under fixed asset or mobile expenses- ( indirect exp) or staff welfare ( indirect exp ) Kindly suggest
Can you please explain the difference between differentiate between consignor and consignee?
Ramu started business with rs 1000000.give me journal entry. plz explain brefily
what is real account and its advantages
WHAT IS INTERIM BUDGET
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
WHAT DIFF.BETWEEN CAPITAL EXPENDITURE AND CAPITAL REVENUE?
Audit 
