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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Intra-group sales
Sir I just wanted to confirm one thing that if a parent makes sales before acquisition, we need to deduct that amount from revenue and cost of sales too right?
Absolutely NO, NO, NO!!!!
These are contracts between two completely unrelated entities
Why on Earth would you want to eliminate these sales?
Oh, alright! Thanks.
You’re welcome