Holding company

Preparation of consolidated balance sheet of holding company and its subsidiary company as per

• AS 11

• AS 22

• AS 21

• AS 23

Pre acquisition profit in subsidiary company is considered as

• Capital profit

• Revenue profit

• Goodwill

• Reserve

Excess of paid up value of the shares over cost of investment is considered as

• Goodwill

• Capital reserve

• Minority interest

• Revenue profit

Profit earned after acquisition of shares is treated as

• Capital profit

• Revenue profit

• General reserve

• Revaluation loss

Unrealised profit on goods sold and included in stock is deducted from

• Capital profit

• Revenue profit

• Fixed asset

• Minority interest

Minority interest includes

• Share in share capital

• Share in capital profit

• Share in revenue profit

• All of the above

The time interval between the date of acquisition of shares in subsidiary company and the date of a balance sheet of holding company is known as

• Pre acquisition period

• Post acquisition period

• Pre commencement period

• Pre incorporation period

Pre acquisition dividend received by holding company is credited to

• Profit and loss account

• Capital profit

• Investment account

• Bank account

Post acquisition dividend received by holding company is debited to

• Bank account

• Profit and loss account

• Dividend account

• Investment account

Preparation of consolidated statement as per AS 21 is

• Optional

• Mandatory for listed companies

• Mantu Tula for private limited

• Companies limited partnership firm