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Splitting accounts into 2 independent accounts

143 views 1 replies

Hi,

I have doubt

In my company we used to do keeping accounts of two different company says A&B, as one company.

Now Management decision is we have to keep two different accounts for each companies ,like A company and B company.

What will be the entry for this effect ?

Please help me.....

Replies (1)
In this case the existing accounts are prepared in consolidated statements are given and in if you seperate the components then the consolidated statements are not applicable and the accounts should be prepared in their respective manner


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