0
subsidiary; has benefit of resources and man power of parent company; con: you do as told own company; you keep what you kill; its all you; con; you don't have resources or deep pocket; it can also be called as a franchise where you get everything done from choosing the name of the business to the methods and procedures they follow to get things done, this way you have a better chance to attract customers as they will definitely trust a reputed company instead of a new company, you will also get training and sometimes even finances to start a subsidiary or a franchise check out related links for more on buying franchise or subsidiary
What else can I help you with?
What is the method of control over Subsidiary Legislation Malaysia?
Methods of control subsidiary legislation
What is a subsidiary account?
A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.
What do you mean by Subsidiary Alliance of Lord Wellesley?
A system to keep India rulers under control and to make the British the para amount power
Can the word HOLDING COMPANY be an antonym for SUBSIDIARY COMPANY?
No. Because Subsidiary Company is completely under the control of Holding Company.
What is difference between joint venture and subsidiary?
If you have control over an entity, that entity is your subsidiary. Control means that you make the strategic decisions of that subsidiary. If you and another party(parties) share joint control over an entity, that entity is a joint venture of the parties that control it. "Joint control" is usually governed by a contractual arrangement and would mean that the unanimous consent of the parties controlling it is necessary to make strategic decisions.
When can control be assumed subsidiary?
Control can be assumed subsidiary when one entity has the power to govern the financial and operating policies of another entity, typically through ownership of more than 50% of the voting rights or through other means such as contractual agreements. This control allows the parent company to influence decisions and manage the subsidiary's operations effectively. Additionally, even without majority ownership, control can be asserted if the parent company has the ability to appoint key management or direct significant activities of the subsidiary.
What determines a wholly owned subsidiary?
A wholly owned subsidiary can be owned by a parent company. When a company is owned by a parent company 100 percent, a wholly owned subsidiary can be established to retain complete control and ownership
Why are control account balances reportedd in external financial statements while subsidiary accounts balances are not are subsidiary accounts useful to anyone?
A control account is a summary account in the general ledger. The details that support the balance in the summary account are contained in a subsidiary ledger. The purpose of the control account is to keep the general ledger free of details, yet have the correct balance for the financial statements. The details on each customer and each transaction are recorded in the subsidiary account. Hence, subsidiary account balances are not reported in financial statements because it is not necessary to see the details for every sale or every collection transaction. Yes, subsidiary account balances are useful to the sales manager and the credit manager who will need to know detailed information on individual customers, including whether a customer recently reduced their account balance.
What is an Indian Subsidiary Company?
A sister company, also known as a subsidiary, is under the control of a parent company or holding company. The parent company possesses the authority to govern the subsidiary, whether partially or wholly. In India, the procedure for Indian Subsidiary Registration follows the guidelines of the Companies Act of 2013. As per this act, a subsidiary is characterized by a foreign corporate body or parent entity holding at least 50% of the total share capital. Essentially, the parent company wields substantial influence and control over the subsidiary.
What are the advantages and disadvantages to becoming a subsidiary as opposed to starting your own company xy?
subsidiary; has benefit of resources and man power of parent company; con: you do as told own company; you keep what you kill; its all you; con; you don't have resources or deep pocket; it can also be called as a franchise where you get everything done from choosing the name of the business to the methods and procedures they follow to get things done, this way you have a better chance to attract customers as they will definitely trust a reputed company instead of a new company, you will also get training and sometimes even finances to start a subsidiary or a franchise check out related links for more on buying franchise or subsidiary
How is subsidiary ledger different to the general ledger?
A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account or master account. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.
Does The Salaries Payable Control account has underlying subsidiary ledger?
Type your answer here... True
