Ask the teacher another question. Is the company-wide report consolidation monthly, quarterly or annual? How to merge! thank you

Consolidated statements are generally prepared by the head office at the end of the year. The merging method is as follows: 1. Summarize supplementary detailed report by account. For example, subsidiary A has 1 10,000 accounts receivable, subsidiary B has 300,000 accounts receivable, and the total accounts receivable is 1.3 million; 2. Prepare offset entries according to related transactions within the company. If the parent company has 200,000 accounts receivable for its subsidiary A, then the combined accounts receivable number = summary number 1.3 million-offset number 200,000 =1100,000. 3. Calculate the combined quantity of other accounts as described above. Finally, the number of consolidated reports is obtained.