An internal transfer price is the price for sending goods from one profit centre within the company to another.

Name: An internal transfer price is the price for sending goods from one profit centre within the company to another.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An internal transfer price refers to the cost assigned to goods or services exchanged between different divisions, departments, or subsidiaries within the same organization, effectively facilitating transactions within various profit centers of the company.

An Internal Transfer Price Is the Price for Sending Goods