Hi All,
I have a scenario, where Company A is a parent company and Company B is a subsidiary company. Company A hold 100% of company B and is the only customer of company B. Company B is manufacturing unit.
Company B raises purchase orders and purchases spare parts from suppliers, however the payment for such purchase is made by Parent company. How is accoutning done in such a case?
supplier a/c dr.
to Parent Co
K R Kiran Kumar & Associates
Bengaluru
CA Inter
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Bharat Shah & Associates
Mumbai
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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Austin Med Solutions Pvt Ltd
Bengaluru
CA
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CCI
Pro
CAclubindia
