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What is Inter Company Reconciliation?
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Answer Posted / raj
Transaction that takes place between two entities of same
company is simply called as intercompany. Reconciliation of
inter company means that reconciling the books of both the
entities and making the balances to be zero by internal
adjustment,making sure that there is no any cash
transactions takes place between both the entires its just
an adjustment between two entities.
| Is This Answer Correct ? | 25 Yes | 24 No |
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