How should i account inter company owings in case of amalgamation of two vendor companies?
Akshath Kj (17 Points)
02 May 2016How should i account inter company owings in case of amalgamation of two vendor companies?
Vinay somani (CA, CS)
(Assistant Manager-Accounts)
(549 Points)
Replied 02 May 2016
Dear
inter company owings is between the two vendor companies.??
or in between of purchasing and vendores companies
Vinay somani (CA, CS)
(Assistant Manager-Accounts)
(549 Points)
Replied 02 May 2016
you should adjust and only net figure should be reported.
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