Time is a vital resource that every business treasures and attempts to turn into a reward. When selecting document management software, focus on a clutterless and user-friendly interface that empowers consumers. DocHub gives cutting-edge features to improve your document managing and transforms your PDF editing into a matter of one click. Remove Advanced Field into the Intercompany Agreement with DocHub to save a lot of time as well as boost your productiveness.
Make PDF editing an easy and intuitive operation that will save you a lot of valuable time. Effortlessly change your files and give them for signing without looking at third-party solutions. Give attention to pertinent tasks and increase your document 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