Hi Friends,
Could you advise me what is inter company account Mean, Whow it is used what is the entries etc.& accounting standard?
Thanks in advance.
1 Replies
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 01 February 2011
Dear friend
Inter company is nothing but transaction occurred between group companies. A Company may have subsidy companies and the accounts dealt with each company is called inter company.
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