Consolidation of partnership firm

[Bijay Shrestha]

Dear Friends,

1. When Consolidation of Partnership firm by a Company is required ?

2. What informations are required to be included in CFS of the Company in this case ?

3. How Minority Interest and Goodwill/capital Reserve in this case is computed ?

Please kindly suggest.

[DR.MARIAPPAN GOVINDARAJAN]

Your questions are in general. This forum is for discussions of small issues. You may approach the practising professionals in this regard.

AI Summary

Consolidation of partnership firm: queries on CFS disclosures, minority interest and goodwill computation require professional guidance.
Consolidation of a partnership firm by a company raises questions about when consolidation is required, what information must be presented in the consolidated financial statements, and how to compute minority interest and goodwill or capital reserve arising on consolidation; the sole reply characterises the queries as general and recommends consulting practising professionals.