If there is a purchase transaction between the parent entity and a 60 per cent-owned subsidiary that
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If there is a purchase transaction between the parent entity and a 60 per cent-owned subsidiary that generates a payable in the accounts of the parent entity, and a receivable in the accounts of the controlled entity, what percentage of the intragroup payable and receivable should be eliminated on consolidation
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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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