Consolidation

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This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of karmuks karmuks 1 year, 8 months ago. This post has been viewed 238 times

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    arushi79
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    I need to know that in stock trading with Associate if associate seller and parent buyer, so y closing stock Cr means reduced? Plz reply


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    danielglover
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    Sorry, I don’t understand the question. Please explain another way.


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    arushi79
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    Double entry of intra group trading with Associate( if associate is seller) is CR (dr) n stock (Cr) . Here parent is buyer so closing stock should increase but y we crediting stock?


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    karmuks
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    I think when profit is reduced then cost of sales should be reduced too. Stock is made from opening inventory + cost of sales – closing inventory. Maybe someone can explain better.

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