Elimination of inter company transactions??

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Why inter company transactions are eliminated in consolidation?
Posted by:
Kamran Haider
10-May-2014

Question added by Syed Altaf Ahmed , Chief Accountant , Kuwait Saudi Pharmaceutical Industries Co. K.S.C ( Closed)
Date Posted: 2015/01/08

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by Deleted user

When a holding company prepares a consolidated financial statements with its subsidiaries . It must eliminate all transaction occur between them .

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