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The definition of intercompany is a number of individuals assembled or associated together. It can also mean an assemblage of people for social purposes.

Q: What is the definition of intercompany?
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The definition of intercompany is a number of individuals assembled or associated together. It can also mean an assemblage of people for social purposes.

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Yes you will have intercompany entries as they are separate legal entities

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To record transactions between related companies

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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.

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Other Debtors account

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