Who is the parent company in the balance sheet?

Parent company:

Refers to a company that can actually control the business decisions of another company by owning a certain number of shares or by means of contracts.

Parent company (subsidiary): according to the different status of the company in the relationship between control and controlled, it can be divided into parent company and subsidiary company. The company that actually controls other companies is the parent company. The company actually controlled by other companies is a subsidiary. They all have legal personality.