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Asked By: juliabyers
| Asked On: Sep 9th, 2010
If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities? What are the procedures of elimination during consolidation of financial statements?
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If two companies accounts are separate and are now to be consolidated, we can follow the method of accounting of amalgamation by nature of merger or purchase.In case of the consolidated balance sheet ...