The Indian subsidiary company shows debtor of INR 60,000 receivable from Foreign Parent company but the Foreign Parent company shows creditor of eqv. amount of INR 50,000 , the difference is mainly due to some invoices that were recorded in Parent company at later date. Now while preparing Consolidated Financial statement, how to treat above inter-company adjustment ? Please advise
Inter-company transaction in Consolidation of Financial Statement
vijay (Accountant) (902 Points)
08 December 2022