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Former Member
Jan 11, 2012 at 02:38 PM

Clearing Accounts

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Hi Experts,

In the IFRS starter kit there are a number of clearing accounts. From what i know these are used to post an unresolved intercompany difference. The strange thing though is, if for instance I look at clearing account A119CL it is only used for PPE accounts in the ELIMACC property and not for its intercompany pair account.

Can anyone please explain to me how this works?

Thanks in advance.

Regards, Marijn