Sample consolidating balance sheet

04-Jul-2017 05:48

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This general ledger sample provided here shows you how to enter account information with designated columns for debits and credit as well as balances.

This example of a general ledger is titled ‘Trial Balance.’ You can use this general ledger sample for your reference.

1st Step Add all the assets of subsidiary company with the assets of holding company.

But Investment of holding company in Subsidiary company will not shown in consolidated balance sheet because, investment in subsidiary company will automatically adjust with the amount of share capital of subsidiary company in holding company.

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3rd Step Calculate of Minority Interest First of all we should know what minority interest is.

The complete financial statement of one subsidiary is shown separately from another as a stand-alone company.

The benefit of combined financial statements is that it allows an investor to analyze the results and gauge the performance of the individual subsidiary companies separately.

Under Indian Company Act , there is no need to prepare combined or consolidated final accounts of holding and subsidiary company in the books of holding company but holding company attaches the copy of balance sheet , one copy of profit and loss account and one copy of audit report of subsidiary company with his final accounts .

But for showing true financial position, often holding company prepare consolidated balance sheet.

3rd Step Calculate of Minority Interest First of all we should know what minority interest is.The complete financial statement of one subsidiary is shown separately from another as a stand-alone company.The benefit of combined financial statements is that it allows an investor to analyze the results and gauge the performance of the individual subsidiary companies separately.Under Indian Company Act , there is no need to prepare combined or consolidated final accounts of holding and subsidiary company in the books of holding company but holding company attaches the copy of balance sheet , one copy of profit and loss account and one copy of audit report of subsidiary company with his final accounts .But for showing true financial position, often holding company prepare consolidated balance sheet.For example, you can create a general ledger for a category of expenses that you incur such as food, gas, travel and other miscellaneous categories.