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Consolidation adjustments

30 September 2009 2,777 views 2 Comments

Dear Members

Please advice, how to give effect of consolidation adjustments of the previous year into the current year. how do i give effect of goodwill and minority interest which was passed in the previous year in the current year.

your early response will be helpful.

 

best regards

Suraj Ratan Mohta

srm1930@gmail.com 

cell No.9820297934

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2 Comments »

  • cmanishiyer said:

    Dear Suraj Ratan Motta,

    You can do it through your elimination balance sheets.

    Regards,
    CA Manish Iyer
    +919825286903

    # 1 October 2009 at 6:57 am
  • darshana_ca said:

    Hello Suraj,

    Is this adjustment due to change in accountng policy? If yes you need to give a retrospective effect to the same. So adjustment would be required in previous year and not current year.

    However if this adjustment is due to change in estimate, you can do it in the current year.

    Hope this is helpful!!

    Regards,
    Darshana Sanghavi
    +912032910731
    http://www.wizprotek.com

    # 12 October 2009 at 5:55 pm

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