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It is a matrix indicating the out of balance transaction figures between two entities who are subsidiaries of one another or subsidiaries of some other entity. The matrix is periodicaly reveiwed to diagnose and clear the out of balance figures. The out of balance figures can also be due to foreign exchange transactions between two entities whereby gain/loss arise on revaluation of balances periodically.
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What is idempotent matrix?
An idempotent matrix is a matrix which gives the same matrix if we multiply with the same. in simple words,square of the matrix is equal to the same matrix. if M is our matrix,then MM=M. then M is a idempotent matrix.
What is a reduced matrix?
Reduced matrix is a matrix where the elements of the matrix is reduced by eliminating the elements in the row which its aim is to make an identity matrix.
How are the inverse matrix and identity matrix related?
If an identity matrix is the answer to a problem under matrix multiplication, then each of the two matrices is an inverse matrix of the other.
Each number in a matrix is called a?
Each number in the matrix is called an element of the matrix
What is a skew symmetric matrix?
A skew symmetric matrix is a square matrix which satisfy, Aij=-Aji or A=-At
What is the definition of intercompany?
The definition of intercompany is a number of individuals assembled or associated together. It can also mean an assemblage of people for social purposes.
If two separate companies have the same owner can there be an intercompany account between the two?
Yes you will have intercompany entries as they are separate legal entities
When do you use intercompany accounts?
To record transactions between related companies
What is intercompany market?
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.
What account type is an intercompany account on the chart of accounts?
Other Debtors account
Why do we emphasis the philosophy of Intercompany vs intracompany?
Emphasizing the philosophy of intercompany vs intracompany relationships is important because it helps organizations understand the dynamics between different entities within a group or conglomerate. Intercompany focuses on relationships between separate legal entities, highlighting issues such as transfer pricing and intercompany transactions, while intracompany emphasizes relationships within the same legal entity, focusing on organization-wide collaboration and communication. Understanding and managing these relationships is crucial for effective decision-making, financial reporting, and overall business performance.
Accounting adjustments for inter company trading?
When intercompany trading occurs, accounting adjustments need to be made to ensure accurate reporting. This typically involves eliminating intercompany sales and purchases, as well as any related profits or losses. Adjustments are made to the respective entities' financial statements to show the appropriate internal transfer of assets, liabilities, revenues, and expenses. This is done to avoid double-counting or misrepresentation of the financial position and results of the entities involved in the intercompany transactions.
What is a intercompany journals?
inter company journals are the journals passed in particular to describe the transactions between two entities.
What is the order of The Matrix?
The Matrix The Matrix Reloaded The Matrix Revolutions
What is the order of the matrix films?
There are three Matrix movies: The Matrix, The Matrix Reloaded, and The Matrix Revolutions. There are also a series of short animated films called The Animatrix. All movies on TopRater: toprater.com/en/movies/objects/2867535-the-matrix-1999
What type of matrix is a vector?
Vector matrix has both size and direction. There are different types of matrix namely the scalar matrix, the symmetric matrix, the square matrix and the column matrix.
What is idempotent matrix?
An idempotent matrix is a matrix which gives the same matrix if we multiply with the same. in simple words,square of the matrix is equal to the same matrix. if M is our matrix,then MM=M. then M is a idempotent matrix.
