Can anyone elaborate on "Difference from elimination" under the P&L account head?

Question

As mentioned, Can anyone elaborate on "Difference from elimination" under the P&L account head?

While i was mapping i came accoss this and i wasnt able to understand this type of the transaction/head....

when i referred to the pdf , all i came across was that it wasnt mapped to any head but i dont understand what it is and its type/feature/function in the existing P&L.

Answer 1

Hi Dhruv,

This is an item related to the fact that this company's P&L was consolidated with other firms from the group. This is a purely accounting topic. Please do not pay too much attention to it.

Best,

Ned

Can anyone elaborate on "Difference from elimination" under the P&L account head?

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