Answer Posted / uday mantur

Just to put in simple words about the Inter comapny
reconciliation process, it is a reconciliation between the
recievables and the payables among two branches of a
company to make sure there is no cash loss within the
Business entity and to make sure if they have any
discrepancies, the reason for the difference. Also Inter
company reconciliation keeps a record of the financial
status of a branch updated on a given period.

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