What can you tell me about doing inter-company inventory transaction journal entries?

Answer by  rMitch78 (25)

Journal entries must balance for each subsidiary or operating unit of a company. To balance consolidated financials, you will have to create elimination entries in the journal to reverse intercompany transactions.

Answer by  QuestionGirl (146)

I would suggest that you either get a very good stenographer or you invest in a personal lap top or a recording device as any transaction that is inter company can potential be disastrous if files are not kept and recorded in a safe and economical manner, especially in this case.