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2. Name the New Company CRONUS Consultancy Ltd. 3. Set up the Chart of Accounts for CRONUS Consultancy Ltd. Requested 24 hours of consulting time from CRONUS Consultancy Ltd. Arnie the accounts receivable administrator for CRONUS Consultancy Ltd. CRONUS International Ltd. NOTE A clean Microsoft Dynamics NAV 2009 database must be used. Therefore you must set up CRONUS Consoltancy Ltd. After the journal is posted she sends the IC transaction to CRONUS Consultancy Ltd. Annie the bookkeeper at...
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How to fill out chapter 2 intercompany postings

01
Start by accessing the intercompany postings screen in Chapter 2.
02
Make sure you have the necessary information on hand, such as the accounts involved and the amounts to be posted.
03
Begin by selecting the first account and entering the corresponding debit or credit amount.
04
Repeat the process for all other accounts involved in the intercompany transaction.
05
Double-check the accuracy of the postings and make any necessary adjustments.
06
Save the intercompany postings and ensure they are properly documented for reference.
07
Review the final postings to verify that they reflect the correct intercompany transactions.

Who needs chapter 2 intercompany postings?

01
Companies with multiple subsidiaries that engage in intercompany transactions.
02
Organizations that need to consolidate financial statements and ensure accurate reporting of intercompany activities.
03
Accounting departments responsible for maintaining accurate records of intercompany transactions.
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Chapter 2 intercompany postings refer to transactions between companies within the same group.
Companies that are part of a group with intercompany transactions are required to file chapter 2 intercompany postings.
Chapter 2 intercompany postings can be filled out by recording all intercompany transactions between the related companies.
The purpose of chapter 2 intercompany postings is to ensure accurate reporting of transactions between related companies.
On chapter 2 intercompany postings, information such as transaction amounts, dates, and details of the intercompany transactions must be reported.
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