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发帖数: 99 | 1 I am working for parent company, just had a downstream sales to Sub company
which is 99% ownership. The goods have been sold by sub to unaffiliated
company ( third company) on July,2016, but parent company has not yet done
anything to account for this.
what i am trying to do now is to ask a purchase order from sub-company at
the same amount, then issue the invoice to sub-company for them to
transferring the receipts to parent company. is this right? what entries do
i need to do on my side? can i treat this inter company transaction just
like a normal sales transaction? or i do not need to do anything. ( note:
revenue for this sales order has been received by sub-company)
please help, i am totally new and does not know how to start. | u*********s
发帖数: 122 | 2 Record as inter company on both parent and sub. Then consolidate both parent
and sub at closing. Interco will be eliminated and revenue will be picked
up on consolidated FS. |
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