13 January 2020
Can you guide me what is the accounting entry for 1)Parent to a subsidiary sales, purchase, loan 2)subsidiary to parent sales, purchase, loan. What should be accounting entry if the parent provides part of margin money to obtain a bank loan, is margin money should be treated as a loan to subsidiary by parent and vice a Versa?
15 January 2020
same principles of double entry Sales from parent company to Subsidiary Entry in the books of Parent........ debit Subsidiary Co. and credit Sales Entry in the books of subsidiary company....... Debit Purchase and Credit Parent Company and so on so forth
CAclubindia
