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Consolidated balance, Please help

elenmarkovaelenmarkova Settling In NicelyRegistered Posts: 17
Can anyone help with the following task, there is intercompany transfer but I am not sure do I need to adjust the consolidated sales

Please help

Comments

  • crispycrispy Trusted Regular SouthamptonRegistered Posts: 456
    Hi,

    All you would need to do is strip out the intercompany transaction of 65,000 of sales from Co. A to Co. B so that the consolidated column shows only the transactions with external customers/suppliers.

    So you need to adjust both the sales and cost of sales by 65,000 - eliminating the transaction.
  • elenmarkovaelenmarkova Settling In Nicely Registered Posts: 17
    will that be correct , please check the file
  • crispycrispy Trusted Regular SouthamptonRegistered Posts: 456
    Attached :)
  • elenmarkovaelenmarkova Settling In Nicely Registered Posts: 17
    thanks

    thanks a lot for your help today crispy

    I guess I forgot to attach my file ... it's almost the same as yours
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