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  1. avatar says

    Sir,
    I am confused in the example 1 regarding not entering receivable 30+30 of Jurate and 20 of Dovile; and in the same way trade payable 50+10 of Jurate in the CS of FS.

      • Avatar of MikeLittle says

        Because when we consolidate the group accounts are presented as those of a single company. The amounts owed by / to Dovile / Jurate are effectively owed by a company to themselves.

        It’s like saying that your left trouser pocket owes your right trouser pocket $5,000. So, does that make you $5,000 richer?

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