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What is consolidated financial statement.
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Answer / srikant pattanaik.
The combined financial statements of a parent company and
its subsidiaries.
| Is This Answer Correct ? | 63 Yes | 3 No |
Answer / satheesh
consolidated financial statement is a statement which take account all the business transaction of parent company and its subsideries.
| Is This Answer Correct ? | 6 Yes | 1 No |
The combined financial statements of a parent company and
itBecause consolidated financial statements present an
aggregated look at the financial position of a parent and
its subsidiaries, they enable you to gauge the overall
health of an entire group of companies as opposed to one
company's stand alone positions subsidiaries.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sheetal kumar garg
consolidation financial statement is a statement which
include holding company statement and subsidary company
statement.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ravi teja . vishnubhotla
consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge the overall health of an entire group of companies as opposed to one company's stand alone position.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / cheenu
it s nothing but combined financial statements of a company and its subsidiaries.
| Is This Answer Correct ? | 1 Yes | 0 No |
Financial Statement of a parent and its subsidiary(ies)
prepared as a SINGLE ECONOMIC ENTITY is called CFS.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ramana
It is a Statement That consist of the Combination of holding
Company and subsidary Company,..in the form of shares
| Is This Answer Correct ? | 0 Yes | 0 No |
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From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
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