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Consolidated Accounts Balance Sheet C UNIT 3: CONSOLIDATED BALANCE SHEET Definition of a Group Under IAS 27 Consolidated and Separate Financial Statements, a group exists where one enterprise (the parent) controls, either directly or indirectly, another enterprise (the subsidiary). A group consists of a parent and its subSelect either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. A balance sheet provides a snapshot of the company’s financial condition at a specific period in time by summarizing the assets, liabilities and shareholders' equity. It proves tNAB, National Australia Bank Ltd. [pic] Corporate Directory Directors/Senior Management Mr Michael Chaney (Chairman) Mr John Stewart (Managing Director, CEO) Mr Michael Ullmer (Deputy CEO, Executive Director) Mr Ahmed Fahour (Executive Director) Mr Geoffrey Tomlinson (Non Exec. Director

Balance Sheet Reporting BALANCE SHEET REPORTING Q. 1- The following balances have been extracted from the books of Rama Ltd. On 31.12.2006. Share capital Rs. 10,00,000; share Premium Rs. 1,00,000; 12% Debentures Rs. 5,00,000; Creditors Rs. 2,00,000; Proposed Dividend Rs. 50,000; Profit and loss Account (Dr.) Rs. 50,000; Premium 2212 Words 9 Pages

Consolidated Accounts Balance Sheet C UNIT 3: CONSOLIDATED BALANCE SHEET Definition of a Group Under IAS 27 Consolidated and Separate Financial Statements, a group exists where one enterprise (the parent) controls, either directly or indirectly, another enterprise (the subsidiary). A group consists of a parent and its sub Premium 2709 Words 11 Pages

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