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What is the difference between inter-company and intra-company?
Wiki User
∙ 11y ago
Inter company transaction is between two or more related legal entities while intra company transaction is within the same legal entity.
Wiki User
∙ 11y ago
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What is the difference between Intra company and Inter company accounting?
An intracompany is a business managed by a manager acting as an entrepreneur. An intercompany is a company that has many different divisions.
Why do we emphasis the philosophy of Intercompany vs intracompany?
Even more important: why do you use "emphasis" as a verb?
If two separate companies have the same owner can there be an intercompany account between the two?
Yes you will have intercompany entries as they are separate legal entities
When do you use intercompany accounts?
To record transactions between related companies
What is Intracompany?
If your talking about intracompany analysis then it is the analysis of different aspects in one company. This is related to Accounting.
How do you treat irreconcilable Intercompany Account?
No accounts are irreconcilable. You may give uo looking for the difference but that doesn't mean it can't be found.
What is intercompany market?
The intercompany involves direct lending between companies. The supply of funds in the intercompany market comes from companies that have cash flows surplus to their current requirements. The demand for funds comes from companies who do not have cash flows sufficient to meet their current obligations. Given the nature of trading within the market, it is regarded as an example of a money market.
What is a intercompany journals?
inter company journals are the journals passed in particular to describe the transactions between two entities.
What is the definition of intercompany?
The definition of intercompany is a number of individuals assembled or associated together. It can also mean an assemblage of people for social purposes.
What do you understand by Intercompany Settlement?
A key functional area of SAP for Utilities that supports cross-company exchange of settlement data based on international standards such as EDI, XML, and Microsoft Excel. Intercompany data exchange manages data transfer between retailers, distributors, and independent service operators with special regard to the requirements in deregulated markets.
What account type is an intercompany account on the chart of accounts?
Other Debtors account
What is the meaning of the term 'intercomp'?
Intercomp means Intercompany. This term is used to describe activities that are conducted between, at least, two business units or affiliates of the same parent company.
