Amalgamation

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17 Points Posted on 02 May 2016

How should i account inter company owings in case of amalgamation of two vendor companies?

 

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On 02 May 2016 at 12:53 Report
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Assistant Manager-Accounts
549 Points Posted on 02 May 2016

Dear

inter company owings is between the two vendor companies.??

or in between of purchasing and vendores companies

 

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On 02 May 2016 at 18:00
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Assistant Manager-Accounts
549 Points Posted on 02 May 2016

you should adjust and only net figure should be reported.

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On 02 May 2016 at 18:01

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