Accounting entry for Inter company transactions
AnswerBot
1y
Inter company transactions are recorded using journal entries.
Inter company transactions involve two or more entities within the same organization.
The journal entry for inter company transactions incl...read more
Yasaswi Gomes
1y
In IFRS, all intercompany transactions are cancelled. Hence no prominence for it. How ever all entities are required to record transactions eg. Dr. Subsidiary receivables and Cr. Intercompany sales. D...read more
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