I need one clarification regarding inter company payment.
1. My company code(1700) taking all invoices from c.code (1100) behalf of other vendors. It means all vendors they are sending invoices to 1100 c.code
At that time 1100 c.code passing entry.
01 Customer account(1700) dr
31 to Vendor account cr
In 1700 c.code books entry
40 Expenses account dr
31 to Vendor(1100) account cr
Now, my question is Holding company code(1000) is paying to 1100 c.code behalf of 1700.
How we can clear in 1700 company code liability(1100).and what is the entry?
Could you please advise me on this?