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Which item be eliminated while making consolidating the financial statement?
Dear

Following items will be eliminated for consolidation purpose.

Balance sheet net-off enteries
>Investments/ Capital
>Trade Receivables /Trade Payables (mean inter-co balances)b/t subsidies and parent.
> other receivable and payables (like fund transfer)

Balance sheet unrealised profit eliminations
> Inventories
> PPE
> Construction-in-progress


Income Statement net-off entries

> Sales / COS
> Other income /Admin expenses,other expenses.
> Dividend income /distribution
> Minority interest adjustment

Regards
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by shakilicma76</i>
<br />Which item be eliminated while making consolidating the financial statement?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Dear Shakeel see the following link

http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=6621