Interested to Buy Any Domain ? << Click Here >> for more details...
Why intercompany reconciliation
- 1 Answers
- 3523 Views
- Infosys, Renault, I also Faced
- E-Mail Answers
Answer / pravin ninawe
Intercomany reconciliation is reconciling between the two
branches of the same company located in multiple locations.
where as one branch acts as seller to other branch when
some product is moved from Branch A to B branch.
Eg:- when Branch A sends some products to Branch B then in
this case. Branch A becomes the seller and Branch B becomes
the purchaser.
Hence we need to reconcile between these two branches to
ensure the right figures appear on the financial statments
to the management
| Is This Answer Correct ? | 4 Yes | 1 No |
What are the different branches of accounting?
what is capital expenditure
What are the features of financial accounting?
"i have received half of the salary in advance and another half in the end of month" what will be the journal entry for this?
What are the important things to be remembered while preparing a bank reconciliation statement?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
what is mean by accounts
Outstanding Income & Advance income - Will it be shown in P&L..? In b/s which side, it will be shown..?
what is break even analysis ?
what is the difference between depreciation in account books and depreciation as per income tax act
what is subscription order
Audit 
