The main purpose of the preparation of consolidated statements is:

CS Executive · Corporate and Management Accounting · PYQS · June 2022
The main purpose of the preparation of consolidated statements is:
(A) the compliance of AS-21
(B) to satisfy the legal provisions of the Companies Act, 2013
(C) to reflect a true and fair view of the position and the profit or loss of the holding company 'group'
(D) to reflect a true and fair view of the position and the profit or loss of the holding company

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Corporate Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic