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What is Inter Company Reconciliation?

Answers were Sorted based on User's Feedback



What is Inter Company Reconciliation?..

Answer / 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

What is Inter Company Reconciliation?..

Answer / 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

What is Inter Company Reconciliation?..

Answer / edmore

inform me

Is This Answer Correct ?    1 Yes 1 No

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