CFS for IND AS applicant

Questions › Category: CA-Final Consolidated Financial Statements › CFS for IND AS applicant

Shubham Tiwari asked 3 years ago

Sir if an company 1 gets control over company 2 and control is loosed in the same year itself then is he is liable to prepare CFS as per IND AS for that year ?

1 Answers

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Ravi Staff answered 3 years ago

we have to see status as on balance sheet date for consolidation
not possible to consolidate company not a subsidiary as on balance sheet, just think how it will be possible