The US elimination is used to address the posting of Intercompany US elimination where a full legal consolidation application is not required such as standard Financial Application. The US elimination uses a concept Posting at first common parent.
I am frankly saying i cont understanding. As per my knowledge the inter-company elimination is Eliminate the Duplicate records. Like this US elimination also. But in which scenario the US elimination will come. Is there depends on GAAP like USGAAP OR INDIAN GAAP.
It's not eliminating duplicate records, While performing these activites the system identifies Intercomany activities and balances and post the entries so that these activities and balances are fully eliminated. Please check the Features part in the below help file for detailed understanding.
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