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What is Inter Company Reconciliation?
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Answer Posted / dinesh
Not only confirming the balance. Its a book closure
activity enlightning the true and fair view of Balance
Sheet and Income Statement. E.g. I sold to my down
company. Will shown this is my outstanding income or
asset. Hence balance should make it to zero while
preparing the balance sheet and income statement
| Is This Answer Correct ? | 9 Yes | 7 No |
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