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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Consolidating a subsidiary under liquidation.
In the group financial statement, how do you account for a subsidiary that is in liquidation, presuming the liquidation process commenced before that accounting year and may extend beyond and also the liquidation is at the instance of shareholders. Can it still be consolidated?
Thank you
Hi,
I don’t believe that there are any specific rules that say the subsidiary cannot be consolidated. Even if it is being liquidated we still have control.
Thanks
