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Cash In Transit

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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November 8, 2016 at 12:36 pm #348042
Muslim Farooque
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Sir basically what is the treatment of cash in transit and inventory transit for consolidation and individual accounts?
November 8, 2016 at 4:13 pm #348088
MikeLittle
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There’s no need to concern yourself with the individual entity financial records – there’s no adjustment to make
For the consolidation … it’s all explained and illustrated in the free course notes – pages 46 to 49 inclusive
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