(v2540.00) Intercompany Current Liabilities

(Increase in Intercompany Current Liabilities (v2540.01))

The carrying accounts often maintained between companies within a consolidated group. Depending on funding policies of the parent company, the balance may consistently be in a net asset or net liability position. The position may be represented by using Intercompany Current Assets (v2070) or Intercompany Current Liabilities (v2540.00).