Splitting accounts into 2 independent accounts

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Senior Accountant
22 Points Posted on 24 May 2021

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.....

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On 24 May 2021 at 01:53 Report
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Chartered Accountant
16188 Points Posted on 24 May 2021
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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On 24 May 2021 at 05:49

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