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What is Consolidated Statements
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Answer / babhu kanchupalli
The financial statements prepared by the holding company is call as consolidated statements...for example....Y company is subsidiary to X company(holding company)......then the statements prepared by the X company is called consolidated statements.It includes the details of subsidiary company assets and liabilities with some extent.......It shows the overall performance of the holding company as agroup.....
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / ca.manji
financial statments prepared by holding copany including financial statments of its subsidiary companies and its joint ventures is called consolidated financial statments
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / guest
The combined financial statements of a parent company and its
subsidiaries.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / tanoj
same company balance sheets which are operated by different nation all thoghter industry calculate
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Answer / vinay kumar
it is the combined financial statements of both subsidiary and holding companies
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out standing salaries goes to whiich A/C I mean personal(or) real(or)nominal a/c
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
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