_____ is a process to offset accounts payable and accounts receivable among subsidiaries.

Question

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Netting is a process in which the accounts payable and accounts receivable between subsidiaries are offset against each other. This helps to reduce the amount of actual cash that needs to be transferred between subsidiaries, as they can settle their debts through offsetting instead. Cash pooling, consolidation, and translation are all different processes with different purposes.

_____ Is a Process to Offset Accounts Payable and Accounts