Question

.................include individual
balance sheet, income statements, notes to accounts, explanatory statements and cashflow statements of all the susidiary companies.
option :- a) consolidated financial statements b) consolidated factorial statements c) consolidated factory system
d) consolidated procedure system.​

Answer 1

Answer:

consolidated financial statements

Answer 2

CONSOLIDATED FINANCIAL STATEMENT

Consolidated financial statement includes individual balance sheet. income statements, notes to accounts, explanatory statements and cashflow statements of all the subsidiary companies.

GETTING TO KNOW MORE ABOUT CONSOLIDATED FINANCIAL STATEMENT:

*  Consolidated financial statements are "financial statements of a group in which the assets, liabilities, equity, income, expenses, and cash flows of the parent company and its subsidiaries are presented as those of a single economic entity."

* There are two main steps to follow when generating a consolidated financial statement: first, cancel out any things that are classified as an asset in one firm and a liability in another, and then add up all uncancelled items.