Any Answers (back to index)

consolidation question

hi everyone,

2 subsidiaries and holding company in a group. A Ltd transfers a capital asset below cost to the B Ltd.

In the A's books there is a loss on asset disposed in B's books there an acquistion of the asset below cost.

What the accounting entries for the consolidation in the profit and loss, balance sheet and cash flow are there any notes to be made fro this transaction?

Thanks

Create your free account

  • Access all articles in full
  • View multimedia
  • Receive email bulletins
  • Private messaging
Register now

Login

Forgotten your password?

Any Answers theme of the month

Latest questions on
Preparing for 2010/11
- payroll & tax planning advice:

Overseas director and PAYE / NIC

Directors and NIC

P46(Car) - what are the rules?

No PAYE scheme but P11d may be needed

IT Zone today

Apple iPhoneGadget blog
Latest news from CES

Snow strategy:
Work remotely

SA songs
Listen to our Spotify list!
 

Download library

Free downloads
Check out our library of podcasts and tutorials.