-- Reference --
Example 2
The following is an example of a consolidated corporation containing sub companies and divisions. This example is unchanged whether the sub companies' records are maintained internally or in external client files.
| Consolidation Corporation | |
|---|---|
| Sub Company 1 | (posting account) |
| Map number 111 | Accounts 101 + 102 |
| Balance = $840,000 | Balance = $5,000 + 835,000 |
|
Sub Company 2, Division 1 |
(posting account) |
| Map number 111 | Account number 101 + 102 |
| Balance = $1,588,000 | Balance = $10,000 + 1,578,000 |
|
Sub Company 2, Division 2 |
(posting account) |
| Map number 111 | Account number 101 + 102 |
| Balance = $990,000 | Balance = $15,000 + 975,000 |
| Sub Company 3 | (posting account) |
| Map number 111 | Account number 101 + 102 |
| Balance = $2,770,000 | Balance = $20,000 + 2,750,000 |
|
Combination Account (non-posting account that adds up all accounts assigned to map number 111) |
|
| Map number 111 | |
| Balance = $6,188,000 |
