Advances—Subsidiaries & Affiliates – Ford Online Accounting Manual

Assets

ADVANCES—SUBSIDIARIES & AFFILIATES		ASSET ACCOUNT
		1832

ACCOUNT EXPLANATION
TRANSACTIONS
COMMENTS

ACCOUNT EXPLANATION

Advances due from a subsidiary company of which the dealership owns 50% or more of the voting stock and advances due from an affiliated company in which the dealership owns less than 50% of the voting stock if controlled by common management.

TRANSACTIONS

			Jrnl.	Dr.	Cr.

Advance to affiliated company			CD
	Advances—Subsidiaries & Affiliates			1832
		Cash in Bank—General			1001

Advance repaid by affiliated company			CR
	Cash in Bank—General			1001
		Advances—Subsidiaries & Affiliates			1832

COMMENTS

Subsidiary records should support this account.
This account excludes investments provided for in Account 1831, Investments—Subsidiaries & Affiliates.
Accounts receivable from subsidiaries and affiliates should be recorded in Account 1130, Accounts Receivable—Other.