What is Inter Company Reconciliation?
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Answer Posted / sunny ahuja
Transaction between subs of one parent co. are called inter
co. transactions.
By reconciling inter co. we mean to assure and authenticate
the balances of booth subs i.e. wheather subs have booked
equal nos and quantity in their respective books or not.
| Is This Answer Correct ? | 56 Yes | 21 No |
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