What is Accounts Consolidation in a Group of Accounting companies? And what entries are omitted in consolidation?

Consolidation comes into existence where a  Parent Company is holding  more then% of the Equity  or  have control over the subsidiary  by influencing its operational and Financial Activities.

Consolation in legal term do not  have any existence  such as  one single entity , this is the reason consolidation is done to produce  Financials so that  the Stakeholder/Investors  can worth and look at it as a single Entity 

All intra Group Trading activities as eliminated, Such as  Intra Sale/Pur, Intra Asset Transfer , Intra Loan  etc.

when parent company has control over its subsidiaries then group consolidates financial statements are prepared.control may be achieved if parent company owns more than % shares .there are also other factotrs which may determine control.Any inter company transactions between the group companies are irrelevant

Consolidation accounting is the process of combining the financial results of several subsidiary companies into the combined financial results of the parent company. This method is typically used when a parent entity owns more than% of the shares of another entity.