. Your perusal of the General ledger of Hopkins Corp, revealed that during the year 2019, Salisbury Corp sold goods to Hopkins Corp for Omani Rials 60000 at a markup of 20%. However, 40% of the goods sold by Salisbury Corp are still unsold by Hopkins Corp at the end of year. REQUIRE: TREATMENT OF INTRA-COMPANY SALES.

Hopkins is parent company and Salisbury is subsidiary company