What is Inter Company Reconciliation?
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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