📈 Intercompany Transactions: When Sibling Rivalry Goes Financial!§
Ever wondered what it would be like if companies within the same group bickered just like siblings? 🤔 Well, in the accounting world, we have something quite similar—Intercompany Transactions!
What on Earth are Intercompany Transactions?§
Intercompany transactions, also known as intragroup transactions, are those fun little exchanges between companies within the same corporate family. This could be in the form of charging each other for services, transferring goods, or simply lending each other money without charging interest—it’s like a family