Master Consolidation CA Inter / Final - CA Sathya Raghu - IndigoLearn

You are my all time favorite sir

Tq sir... got clarity on consolidation..

Sir why explanation given in study material says that indirect method of allocation of reserves and profit of subsidiary in a chain holding is not logical. whereas to me it appears to be very much logical since minority of 2nd company (in case there are 3 companies) also has claim over capital profits of 3rd company.