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What does Rule 6 of the Companies (Accounts) Rules, 2014 specify regarding the consolidation of financial statements?a)Consolidation is mandatory for all companies with subsidiaries.b)Only listed companies need to prepare consolidated financial statements.c)Consolidation must be done as per the Accounting Standards only.d)Certain wholly owned subsidiaries can be exempted from preparing consolidated financial statements.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does Rule 6 of the Companies (Accounts) Rules, 2014 specify regarding the consolidation of financial statements?a)Consolidation is mandatory for all companies with subsidiaries.b)Only listed companies need to prepare consolidated financial statements.c)Consolidation must be done as per the Accounting Standards only.d)Certain wholly owned subsidiaries can be exempted from preparing consolidated financial statements.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does Rule 6 of the Companies (Accounts) Rules, 2014 specify regarding the consolidation of financial statements?a)Consolidation is mandatory for all companies with subsidiaries.b)Only listed companies need to prepare consolidated financial statements.c)Consolidation must be done as per the Accounting Standards only.d)Certain wholly owned subsidiaries can be exempted from preparing consolidated financial statements.Correct answer is option 'D'. Can you explain this answer?.

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