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What is an intercompany account? - TimesMojo

What is an intercompany account? - TimesMojo

YE Company ships inventory to its branch at a markup of 125% of cost. The required balance of the allowance for overvaluation account is P1,425,000. During the year, the home office sent merchandise to the branch costing P9,000,000. At the start of the year, the branch's Statement of Financial Position shows P1,800,000 of inventory on hand that was acquired from the home office.How much is the amount to be debited to the allowance for overvaluation in branch inventory at the end of the year?A. 1

YE Company ships inventory to its branch at a markup of 125% of co…

Is an intercompany account an asset? - TimesMojo

Is an intercompany account an asset? - TimesMojo

Configuring the Account Determination

Configuring the Account Determination

Setting up the IC chart of account

Setting up the IC chart of account

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✨The NEW Way to Automate Sales & Marketing is HERE✨

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