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Between the subsidiary and the holding company is an intercompany revenue agreement in force of...

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Accounting

Between the subsidiary and the holding company is an intercompany revenue agreement in force of costs +10%. The subsidiary is providing services to the Holding Company. The costs in November of the subsidiary amounts to 100.000, VAT is reversed charged. VAT percentage is 20% at the holding company

What journal entry should be made in the subsidiary?

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