Hi Everbody ,

I am having a very hard time understanding the concept of intercompany transactions realting to purchase ans sale of inventory between the comapnies and inventory sold to outsiders.

Can anybody please expalin this in simple words ........like what to eliminate and adjust and how  when there is a sale and purchase of inventory between the 2 conining companies and when they are sold to outsiders.................PLZ HELP..................Thanks in advance.......

Try doing a search on the site. Go to the "Search" button at the top of the page and look around.