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Cumulative Translation Adjustment-Elimination are not zero
Initial setting of intercompany transaction account in Netsuite system:
- Inter-company revenue, inter-company cost of goods sold, inter-company accounts receivable, inter-company accounts payable and other accounts have all been selected to offset inter-company transactions;
- The standard Cost of goods sold item does not check offset intercompany transactions.
- In the check list of the management accounting period, the offsetting intercompany transactions are performed during the period from January to December.
- In the check list for the management accounting Period, no offsetting intercompany transactions will be performed during the Adjustment Period.
- At present, only 2024December has not completed all of the inter-company transactions, and other external sales have been completed.
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