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What is the consolidation ?

Answer Posted / saritha reddy

consolidation is combining the results of subsidary company
and parent company.this can be done in 2 ways i.e fsg &
gcs. for fsg sets of books , currencies,calendars and
charts of account of parent and subsidary should be same.
for gcs they may be different sets of books with different
currencies,calendars and charts of account

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