

- Trending Categories
Data Structure
Networking
RDBMS
Operating System
Java
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
What is difference between consolidate balance sheet and balance sheet?
The major differences between consolidate balance sheet and balance sheet are as follows −
Consolidate balance sheet
In case of subsidiaries companies, assets and liabilities are not mentioned separately.
It is difficult to prepare.
It reflects financial position of a firm and its subsidiary.
Assets (parent + subsidiary) = liabilities (parent + subsidiary) + shareholders’ equity+ minority interest.
It takes lot of time to prepare.
It is prepared by only companies holding shares in another company.
Balance sheet
In case of subsidiaries, assets and liabilities are mentioned separately.
It is easy to prepare.
It shows financial position of a firm to stakeholders.
Assets = liabilities + shareholders’ equity.
It takes less time to prepare.
It is prepared by all companies.
- Related Questions & Answers
- What is difference between trail balance and balance sheet?
- Distinguish between trial balance and balance sheet
- What is difference between balance sheet and income statement?
- What is difference between cash flow statement and balance sheet?
- What is difference between fund flow statement and balance sheet?
- How is the balance sheet prepared from trial balance?
- Prepare horizontal balance sheet for the following trial balance.
- Prepare vertical balance sheet for the following trail balance.
- How to prepare comparative balance sheet?
- Explain about balance sheet in accounting.
- Compare balance sheet and profit and loss account
- Balance Sheet Approach to evaluate a firm
- What is difference between trail balance and adjusted trail balance?
- What is difference between trail balance and general ledger?
- Prepare cash flow statement for the following Balance sheet as on 31st March
Advertisements