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maying crossing entry
creditors.............Dr
to detors
is called inter company ownings
Wiki User
∙ 11y ago
Intercompany owings in reconstruction refer to amounts owed between companies within the same group or organization that need to be settled or reconciled during a reconstruction process. These amounts can impact the financial statements and balance sheets of the companies involved, so it is important to properly account for them to ensure accurate reporting.
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