Hi,
Can anyone please help me with the list of transactions during Intercompany Accounting? Also, the journal entries to be passed for each of the intercompany transactions?
Please explain by taking any example. Thanks in advance.
Regards,
Prem
Prem Sharma (Executive) (37 Points)
01 June 2013Hi,
Can anyone please help me with the list of transactions during Intercompany Accounting? Also, the journal entries to be passed for each of the intercompany transactions?
Please explain by taking any example. Thanks in advance.
Regards,
Prem
Devendra
(Chartered Accountant)
(4775 Points)
Replied 02 June 2013
Following transactions can be shown as Inter-Company transactions :-
1) Sale / purchase of goods
2) Loan / advance given to Co.
3) Expenses incurred on behalf of Co.
Regards,
Devendra K