Debt consolidation in business administration easily explained + example

The consolidation of debts represents an offsetting of receivables and liabilities in the consolidated financial statements. Offsetting takes place when companies from the scope of consolidation have exchanged deliveries and services among themselves. Since all the companies involved are presented as a single entity in the consolidated financial statements, a “self-supply” must not be presented … “Debt consolidation in business administration easily explained + example”

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