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Deception done for the right reasons is not really deception.
Consolidation Adjusting Entries
Adjustments made in accounting records to remove the effects of intercompany transactions during the consolidation process for a group’s financial reporting.
Accounting Periods
Defined time frames in which financial transactions are recorded and financial statements are prepared.
Consolidation Worksheet
A tool used in preparing consolidated financial statements that details the financial activities of a parent company and its subsidiaries.
General Ledger
A comprehensive record of a company's financial transactions over the duration of its life, providing the foundation for its financial statements.
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