What is difference between intercompany and intra company.

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Accepted Answer

Intercompany refers to transactions between two or more companies within the same group, while intracompany refers to transactions within the same company.

Intercompany transactions involve multiple legal entities within a corporate group.
Intracompany transactions occur within a single legal entity.
Intercompany transactions may involve transfer pricing and elimination entries.
Intracompany transactions do not require transfer pricing or elimination entries.
Examples of intercompany transactions include intercompany loans, sales, and purchases.
Examples of intracompany transactions include payroll, rent, and utilities.
Intercompany transactions are subject to transfer pricing regulations and tax laws.
Intracompany transactions are not subject to transfer pricing regulations and tax laws.

What is difference between intercompany and intra company.

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