Answer :
In the consolidating worksheet A credit to the intercompany receivables for $100,000. A debit to the intercompany payables for $100,000 would be included.
You can combine data from each worksheet into a master worksheet to summarise and report results from other worksheets. The worksheets may be located in other workbooks or in the same workbook as the master worksheet.
The balancing of accounts payable and receivable between two companies owned by the same parent is known as intercompany netting. This results in much reduced cash flows between the parties as payment is only made for the net difference between their payables and receivables.
For international payments, intercompany netting is especially useful since it identifies situations when a business can hedge the much smaller net amounts of foreign currency owed between organisations rather than the gross ones.
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