Question

preparation consolidated statement as per AS 21 is mandatory from listed company​

Answer 1

Answer:

AS 21 Consolidated Financial Statements should be applied in preparing and presenting consolidated financial statements for a group of enterprises under the sole control of a parent enterprise.

Explanation:

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Answer 2

Answer:

AS 21 Consolidated Financial Statements should be used to prepare and present consolidated financial statements for a group of entities under the sole control of the parent entity.

Explanation:

This standard should be applied when calculating investments in sites under a separate parental financial statement.

It should be noted that while preparing the consolidated financial statements, some standards remain relevant in the same way as for the independent statements.

This accounting standard doesn’t deal with:

• Accounting methods for amalgamations and effects on consolidation, which includes goodwill which arises on an amalgamation
• Accounting for investments in JVs (joint ventures)
• Accounting for investments in associates