Question

会计问题　- related Company

Answer 1

更新1:

我的公司是小公司, 请问需不需做consolidation A/C , 请问在什么情况下才要做consolidation A/C 呢???

,Should use method (1) .
In fact, "debit note" should be issued (instead of "Invoice") for the Material paid on behalf.

Holding Co.
1) when chq issue for payment to the vendor & debit note issues to Sub.Co.
(neglect the accounting entry for the payment to vendor)
Net effect:
DR C/A-Sub. or A/R-Sub (depends on your pany's chat of account)
CR Bank

2) when settlement rec'd fm Sub.
DR Bank
CR C/A or A/R - Sub.

Sub. Co.
i) Rec'd debit note from Holding Co.
DR Material - COGS
CR C/A or A/P - Holding Co.

ii) When chq paid / bank trfer to Holding for settlement
DR C/A or A/P - Holding Co.
CR Bank

* No accounting entry should be booked in "SALE" account
And No more sale to be made.

** The overstated of Sale : usually issue INVOICE to your sub. co. by selling the goods / service provided by making a unreasonable margin.
So that Profit would be trferred.
In audited report, the Interco Traction should be disclosured.
In result, auditor will ask you to provide the detail (e.g. amount & classification) for the interco trcations when processing their audit work.

2007-06-03 21:23:26 补充：
In my opinion, if the auditor finally checks out such accounting treatment & will then needs to do the Audit Adjustment (AA). Some co does not want to make any AA , auditor also question why such entires are done), the panies would prefer to a proper a/c entries instead of AA.,参考: me,你应该照开发票给附属公司,
即入账如下:

主公司
借 往来账 (Current account)
贷 销售 (Sales)

附属公司
借 购货 (Purchase)
贷 往来账 (Current account)

由于你公司是集团式, 所以要做consolidation account.
在consol account内便要做一条interco elimation entry 如下:

借 销售
借 往来账 (附属公司)
贷 　 购货
贷 往来账 (主公司),It is a payment made by holding pany (H) on behalf of the subsidiary (S). The procedure should be H pany issue a debit note to S for the amount paid together with the supporting bill. On receipt of this debit note, S could either settle it by bank just like an ordinary traction by
(1)
Dr. Job expenses
Cr. Bank

or via a trfer voucher by
(2)
Dr. Job expenses
Cr. Current Account with the Holding Company.
------------------------------------------------------------------------------------------------------------------------
The entries in H will be
(1)
On payment on behalf of S

Dr. Current Account with the Subsidiary
Cr. Bank

On receipt of cheque from S

Dr. Bank
Cr. Current Amount with the Subsidiary
(2)
Or record the traction via a trfer voucher

Dr. Current Amount with the Subsidiary
Cr. Bank
If you look at the above entries, this is simply a payment on behalf. No sales will be affected.,主公司（工程公司）帮了附属公司（都是工程公司）代付了一批COGS（工程物料），

You can :
Debit: Related Company (Balance Sheet Item)
Cr Bank

Therefore it doesn't matter with overstated the sales(ine statement).

When related pany paid back to you.

You can:

DR Bank
CR Related Company

It is only the contra account for the accounting entries.,首先，应该要debit返主公司既Cash, Credit Acc. Receivable, 因为附属公司要俾返果D钱主公司
跟着附属公司要Debit Acc. Payable, Credit Cash, 咁样附属公司就会俾返未俾既钱主公司, 而又唔会出现double counting,参考: 自已,