Define Intercompany Transaction
In respect of Account Receivable how do you define Intercompany Transaction?
Expert
Before discussing the question firstly we understand the term Intercompany transactions. Intercompany transactions are the transactions which takes place between two or more entities of the same group of company. Therefore, receivable of one entity would be payable of other entity. Every intercompany transaction is eliminated before preparing the final Balance sheet of the group company.
What are International Accounting Standards?
What are the materials /components are used by Accounts receivable departments?
Differentiate between debenture creditors and holders?
In your terms Reconciliation is defined as?
Explain Customer Master record in brief?
what are the merits of using accounting assumptions when preparing financial statements
Explain the issues related with Accounts receivable?
Which kind of assets should be capitalized and when expense out?
Explain the process of journal entry recorded?
Explain in your terms what are Accounts receivables?
18,76,764
1949972 Asked
3,689
Active Tutors
1457268
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!