Definition: Consolidation (national accounts)

Category: National accounts

The elimination, both from uses and resources, of transactions which occur between units when the latter are grouped and to the elimination of reciprocal financial assets and liabilities http://unstats.un.org/unsd/sna1993/introduction.asp
Source:
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993
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