{"id":3158,"date":"2020-10-17T11:26:05","date_gmt":"2020-10-17T05:56:05","guid":{"rendered":"https:\/\/blog.tenthplanet.in\/?p=3158"},"modified":"2026-03-03T10:13:03","modified_gmt":"2026-03-03T10:13:03","slug":"consolidation-of-accounts-trial-balance","status":"publish","type":"post","link":"https:\/\/tenthplanet.in\/blogs\/consolidation-of-accounts-trial-balance\/","title":{"rendered":"Consolidation of Accounts – Trial Balance"},"content":{"rendered":"

What is the meaning of Consolidation of Trail Balance?<\/h2>\n

Companies use Trial Balance as a means to understand the Financial Position of the Company as compared to the Previous Financial Year. The transactions of any financial year across all ledger codes will be available in the Trial Balance. Any company will be able to mitigate the problems by finding out various transactions & correct them to present a correct & accurate Accounting Data for any Company<\/p>\n

For ex: the below Organizational Chart presents as to how Trial Balances should get their accounts consolidated<\/p>\n\n\n\n\n\n\n\n\n\n
Company \u2013 ABC Holding Company<\/b><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nCompany \u2013 EFG Group Company<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nCompany \u2013 DEF Group Company \u2013 Transactions to be posted (Subsidiary)<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nCompany \u2013 POI Group Company \u2013 Transactions to be posted (Subsidiary)<\/td>\n<\/tr>\n
<\/td>\nCompany \u2013 QWE Group Company<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nCompany \u2013 XYZ Group Company \u2013 Transactions to be posted (Subsidiary)<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nCompany \u2013 LKG Group Company \u2013 Transactions to be posted (Subsidiary)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

** Transactions will be posted in Subsidiaries Companies<\/p>\n

** Consolidation Report: If we run a Trial Balance for \u201cCompany \u2013 EFG Group Company\u201d, then the total of<\/p>\n

a. Company \u2013 DEF Group Company \u2013 Transactions to be posted (Subsidiary)<\/p>\n

b. Company \u2013 POI Group Company \u2013 Transactions to be posted (Subsidiary)<\/p>\n

Will need to be consolidated & shown in Trial Balance<\/p>\n

Company \u2013 DEF Group Company<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Account Code<\/b><\/td>\nParticular<\/b><\/td>\nDebit<\/b><\/td>\nCredit<\/b><\/td>\n<\/tr>\n
30001<\/td>\nSundry Debtors<\/td>\n10000<\/td>\n<\/td>\n<\/tr>\n
40001<\/td>\nRevenue<\/td>\n<\/td>\n10000<\/td>\n<\/tr>\n
50001<\/td>\nPurchase<\/td>\n2500<\/td>\n<\/td>\n<\/tr>\n
20001<\/td>\nSundry Creditors<\/td>\n<\/td>\n2500<\/td>\n<\/tr>\n
<\/td>\nTotal<\/strong><\/td>\n12500<\/td>\n12500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Company \u2013 POI Group Company<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Account Code<\/b><\/td>\nParticular<\/b><\/td>\nDebit<\/b><\/td>\nCredit<\/b><\/td>\n<\/tr>\n
30001<\/td>\nSundry Debtors<\/td>\n15000<\/td>\n<\/td>\n<\/tr>\n
40001<\/td>\nRevenue<\/td>\n<\/td>\n15000<\/td>\n<\/tr>\n
50001<\/td>\nPurchase<\/td>\n5000<\/td>\n<\/td>\n<\/tr>\n
20001<\/td>\nSundry Creditors<\/td>\n<\/td>\n5000<\/td>\n<\/tr>\n
<\/td>\nTotal<\/td>\n20000<\/td>\n20000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Trial Balance of \u201cCompany \u2013 EFG Group Company\u201d will appear as follows<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Account Code<\/b><\/td>\nParticular<\/b><\/td>\nDebit<\/b><\/td>\nCredit<\/b><\/td>\n<\/tr>\n
30001<\/td>\nSundry Debtors<\/td>\n25000<\/td>\n<\/td>\n<\/tr>\n
40001<\/td>\nRevenue<\/td>\n<\/td>\n25000<\/td>\n<\/tr>\n
50001<\/td>\nPurchase<\/td>\n7500<\/td>\n<\/td>\n<\/tr>\n
20001<\/td>\nSundry Creditors<\/td>\n<\/td>\n7500<\/td>\n<\/tr>\n
<\/td>\nTotal<\/td>\n32500<\/td>\n32500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Odoo Accounting<\/a> module helps you\u00a0 to manage all your accounting entries easily.<\/p>\n","protected":false},"excerpt":{"rendered":"

Companies use Trial Balance as a means to understand the Financial Position of the Company as compared to the Previous Financial Year. <\/p>\n","protected":false},"author":23,"featured_media":3184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[23,48,157],"class_list":["post-3158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-odoo","tag-odoo","tag-odoo-accounting","tag-trial-balance-in-odoo"],"acf":[],"_links":{"self":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/posts\/3158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/comments?post=3158"}],"version-history":[{"count":0,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/posts\/3158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/media\/3184"}],"wp:attachment":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/media?parent=3158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/categories?post=3158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/tags?post=3158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}