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Intercompany Transaction between Company A, B, C
Hi All,
How to mapping this transaction through advance intercompany journal entry or is there any transaction to handle this case.
Company B and C is under Company A.
Company A create payables and payment to vendor 3rd party which is not only Company A payables but also there are company B and C.
How they can be eliminated ?
Company A |
| ||
|---|---|---|---|
Expense 3rd Party |
| 32,000.00 | |
IC Company A | 32,000.00 | ||
IC A/R Company B |
| 32,000.00 | |
Bank | 32,000.00 | ||
Company C |
| ||
Expense 3rd Party |
| 18,000.00 | |
IC Company A | 18,000.00 | ||
IC A/R Company C |
| 18,000.00 | |
Bank | 18,000.00 |
thanks
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