-- Reference --
Example 1
The following is an example of a consolidated file containing two sub-companies. This example is unchanged whether the sub companies' records are maintained internally or in external client files.
Consolidated Client File | |
---|---|
Sub Company A | (posting account) |
Map number 111 Cash and Short Term Deposits |
Account number 102 Bank Account |
Balance = $500 | Balance = $500 |
Sub Company B | (posting account) |
Map number 111 |
Account number 102 Bank Account |
Balance = $600 | Balance = $600 |
Combination Account (non-posting account that adds up all accounts assigned to map number 111) |
|
Account number 102 | |
Balance = $1100 |