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What do you understand by Intercompany Settlement ?5
Q: What do you understand by Intercompany Settlement ?
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Explanation :
A company may also have various company codes across the different locations. There will be exchange of services between these company codes. These goods and services which are shared or exchanged between these company codes are bring to terms during the month end process. The exchange difference has to be settled by a company code in the way of money transfer. This process is known as Intercompany Settlement.