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Interco-Elimination - Accounting Entries>>?

edited Sep 17, 2025 4:52PM in Ask A Guru 6 comments

Can i have advice on interco- elimination account
Sales >>2250
COGS>>125

upon elimination
 Dr. Interco Sales 2250
  Cr. Normal COGS 2250
Dr. CTA-E 125
 Cr. Interco. COGS 125

Im confused on the elimination entries towards Normal COGS/ CTA-E
Why the account of inventories[other current asset not reversed] >> as their inventory value has been marked up
Instead, Normal COGS / CTA-E account to be recognised? 

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