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re: lets talk journal entries for consolidations
Posted on 9/17/12 at 9:01 am to joejohnson90
Posted on 9/17/12 at 9:01 am to joejohnson90
You use acquisition method for external reporting for 100% owned subs. I assume you are talking about the elimination entry?
Debit A/P Credit A/R will eliminate a intercompany receivable/payable.
Debit A/P Credit A/R will eliminate a intercompany receivable/payable.
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