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example of an internal type of consolidation and why? [CLOSED]

odimegwu david
on 7/31/13, 6:35 PM 1,959 views

Can anyone give me an example of an account that should have internal type of consolidation and why? I have read on the internal types but confused on internal type consolidation. thanks

Ray Carnes
On 7/31/13, 11:53 PM

A consolidated account just shows the total amount of all children accounts.

If you have two companies, and want to show Expenses for both companies, your account would be consolidated and show the balances of both child accounts.

Thanks Ray. I wanted to do a clarification here. I got two different impressions from reading some forum and blog entries. Nice day.

odimegwu david
on 8/1/13, 12:52 AM

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Asked: 7/31/13, 6:35 PM
Seen: 1959 times
Last updated: 10/6/16, 2:27 AM