Subsidiary: Difference between revisions
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''Accounting''. | ''Accounting''. | ||
A parent undertaking has a subsidiary - for accounting purposes - if it has control over the other entity. | Abbreviation for subsidiary undertaking. | ||
A parent undertaking has a subsidiary undertaking - for accounting purposes - if it has control over the other entity. | |||
The subsidiary is the entity (usually a company) which is controlled by the parent undertaking (also known as the group holding company). | The subsidiary is the entity (usually a company) which is controlled by the parent undertaking (also known as the group holding company). | ||
Revision as of 08:42, 1 November 2016
1.
Accounting.
Abbreviation for subsidiary undertaking.
A parent undertaking has a subsidiary undertaking - for accounting purposes - if it has control over the other entity.
The subsidiary is the entity (usually a company) which is controlled by the parent undertaking (also known as the group holding company).
2.
Of lesser importance.
