QuickBooks Online 2021 bank reconciliation mythbusting. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our gray guitars practice file, we’re going to be going into the bank reconciliation process. But before we do so we want to discuss some common misconceptions about the bank reconciliation process, which we can characterize as myths about the bank reconciliation process. And any good myth will have some element of truth within it.
Posts with the recorded tag
Subsidiary Purchases Shares from Parent
Advanced financial accounting PowerPoint presentation. In this presentation we will discuss a consolidation process where we have a subsidiary that purchases shares from the parent. So what’s going to be the effect on the consolidation process? When we have a subsidiary that purchases shares from a parent get ready to account with advanced financial accounting. We are talking about a situation here where this subsidiary is purchasing shares from the parent what’s the effect on the consolidation process? In the past, the parent has often recognized a gain or loss on the difference between the selling price and the change in the carrying amount of its investment. So in the past, it’s often been recorded as a gain or loss on parent companies that difference as a gain or loss on the parent company’s income statement.