0
Difference between balance sheet and consolidated balance sheet?
Wiki User
∙ 9y ago
Simple balance sheet provides information of one single company only while consolidated balance sheet provides the information of parent as well as child company as a single financial statement.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Consolidated balance sheet proforma?
There is no proforma for consolidated balance sheet and both normal as well consolidated balance sheets are same with few differences.
What is difference between worksheet and balance sheet?
There is a difference between: Worksheet and Balance Sheet
What is the difference between balance sheet and worksheet?
There is a difference between: Worksheet and Balance Sheet
What is the different between condlidated balance sheet and acutal balance sheet?
Consolidated balance sheet shows the record of full group of companies while simple balance sheet shows the record of single company.
What is the difference between a consolidated and non-consolidated balance sheet?
It is very simple: consolidated financial data: One a parent company posts/files its combined financials that is parent's data as well as subsidiaries data collectively (Summed) that is Consolidated Financials. Non/Un-Consolidated Financials: When Parent company posts/files its financials separately that is stand alone financials of parent and side by side its subsidiaries data.
What is the formula for consolidation balance sheet?
There is no simple formula for consolidated balance sheet but in consolidated balance sheet all assets and liabilities of parent and child companies are joint together to show in one financial statement.
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
Difference between on balance sheet financing and off balance sheet financing?
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
Is there a difference between a merchandiser's balance sheet and a service company's balance sheet?
Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.
How do you consolidate balance sheet?
in consolidated balance sheet all assets and liabilities of parent and subsidiary is shown altogether.
What are consolidated balance sheets useful?
Consolidated balance sheet is prepared by companies who holds one or more subsidiary companies and consolidated balance sheet shows the overall results of parent company as well as subsidiary at one financial statment and helps to make better dicision making process.
Is there a difference between a partnership balance sheet and a corporation balance sheet?
In partnership balance sheet capital of all partners is shown while in corporate balance sheet capital of all share holders is shown.
