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How to define Intercompany Transaction in AR

  
Total Answers and Comments: 1 Last Update: July 04, 2008     Asked by: Ram 
  
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July 04, 2008 04:37:51   #1  
manojbhawsinghka Member Since: July 2008   Contribution: 1    

RE: How to define Intercompany Transaction in AR
Before answering the above question let us first understand the meaning of Intercompany transactions. Intercompany transactions are those transactions that takes place between two or more entities of the same group of company. So the receivable of one entity would the payable of another entity. All intercompany transactions are eliminated befor preparing the final Balance sheet of the group company.
 
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Latest Answer : Before answering the above question let us first understand the meaning of Intercompany transactions. Intercompany transactions are those transactions that takes place between two or more entities of the same group of company. So the receivable of one ...
Read Answers (1) | Asked by : Ram


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