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Consolidate Intercompany Debt As Note Payable For Business Consolidation

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Consolidation process for intercompany debt for Consolidated Financial Statement, basic example as a Note Receivable and Note Payable, where parent company loans money to the subsidiary company, consolidation process requires the loan (note) debt and related interest expense and revenue has to be eliminated on the consolidated financial statement, example includes eliminations and adjustments on the consolidation worksheet including Consolidated Income Statement and income distribution schedule, detailed accounting example explained by Allen Mursau

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Robert Dunfee

2 Comments

  1. Eva Wan
    July 22, 2021 at 2:13 pm

    Great video and hopefully you will make more about this topic!

  2. fire23wong
    July 22, 2021 at 2:13 pm

    Thank you for the video. Very well explained !