I have a grant that was made by the parent to the subsidiary entity in 2018 and it was posted as an inter-co. transaction Both entities are not-for -profits. There was no obligation on the part of the subsidiary to pay back the funds as it was a donation. Is this the correct way of posting this as an inter-co if there was no obligation to pay back the funds? I can't see how I can clear the inter-co on both sides if there is no obligation to pay back the funds. Please help on this.
1st Jul 2022
Accounting treatment of Grant to subsidiary entity
A grant made by parent to subsidiary? Inter-co or not?
Share this content