What is elimination?

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What is elimination?..

Answer / bismaya

Elimination is a part of the consolidation process, where we define elimination set to eliminate the additional entries due to inter company transactions in the consolidation ledger.
This process will avoid the under statement and over statement of the balances in the consolidation ledger.

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What is elimination?..

Answer / chandini.e

Elimination is the process of getting rid of something in fields such as waste, errors, or the competition . Derived from the Latin word limen, which means threshold.

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