Vidyalelo
Commerce · Q2313

Accounting

Graduate and Post Graduate · Commerce · question 2313

Q2313

Consolidated financial statements are prepared on the principle

A.
In the form the companies are one entity, in sub stance they are separate
B.
In form companies are separate, in substance, they are one
C.
In form and substance, the companies are one entity
Answer
D.
In form and substance, the companies are separate

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board