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How to define Inter company Transaction in Account Receivable?
Ans) Intercompany transactions are those transactions that takes place among two or more entities of the similar group of company. So the receivable of one entity would the payable of one another entity. All intercompany transactions are eliminated before preparing the final Balance sheet of the group company.
Write notes on 5 modern accounting techniques
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introduction,features,objectives,types of branches,difference between branches and departments
Question: Artarmon Ltd uses a job-order costing system and a predetermined overhead rate based on direct labour cost. Estimated manufacturing overheads for the coming year were
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