Basically the balance sheet of a company shows the financial position of the company on a specific date. There are two main categories of balance sheets, depending on the information they carry. A simple balance sheet only show the financial position of the parent company, however a consolidated balance sheet gives the balance sheet of the parent company as well as balance sheet of subsidiary.
If a company goes in merger with some other company then the balance sheet is again known as consolidated balance sheet of the company. The idea of consolidation is to show the financial position of the company in the market in regard to its subsidiaries.
If a company goes in merger with some other company then the balance sheet is again known as consolidated balance sheet of the company. The idea of consolidation is to show the financial position of the company in the market in regard to its subsidiaries.
