Time is a vital resource that each business treasures and attempts to convert into a advantage. When choosing document management software program, focus on a clutterless and user-friendly interface that empowers users. DocHub provides cutting-edge instruments to improve your file managing and transforms your PDF editing into a matter of a single click. Insert Mark to the Intercompany Agreement with DocHub to save a ton of efforts and increase your productivity.
Make PDF editing an simple and intuitive operation that helps save you plenty of valuable time. Easily adjust your documents and deliver them for signing without having turning to third-party software. Focus on pertinent duties and increase your file managing with DocHub right now.
so in this and how do you in so this is what Im going to focus on this video so the intercompany so intercompany company so these are the areas that will be tested in your exam so first and foremost let me discuss about intercompany sales so in order to discuss this let me take an illustration so lets as you be company V company has sold $100 worth of goods to s company okay so lets as you there is no profit okay so without profit lets try to understand how to account for this intercompany transaction so we have sold $100 worth of goods to s company so as far as P is concerned okay so P will record this particular transaction in their books of account as since okay so they will treat the P company will treat this particular transaction as a sale so as a result of that the pre company will record this particular transaction as account receivable ribbit hundred dollars and sales account credit under dollars okay so if you take the standalone separate financial statement for P company