Consolidated Balance Sheet Accounting of holding & Subsidiary Company
Definition Holding Company: - A company is one which acquire all or a 50% or above equity share of any other company, which is called holding company.
Holding Company: - any company obtains the right of appoint of director in other company, which is called holding company.
Subsidiary Company: - Share of a company which is acquired by any other company & a company sold their rights to other company, which is called subsidiary company.
Preparation of consolidated balance sheet:- Consolidated balance sheet as on 31 Mar 2009 For Mr. Ravi As per Schedule 6