diff --git a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
index 28bff671f62e..0f4606d39472 100644
--- a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
+++ b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.py
@@ -369,7 +369,7 @@ def make_item_gl_entries(self, gl_entries, warehouse_account=None):
 					)
 
 					outgoing_amount = d.base_net_amount
-					if self.is_internal_supplier and d.valuation_rate:
+					if self.is_internal_transfer() and d.valuation_rate:
 						outgoing_amount = abs(
 							frappe.db.get_value(
 								"Stock Ledger Entry",
diff --git a/erpnext/stock/stock_ledger.py b/erpnext/stock/stock_ledger.py
index 361e00a8449c..2f876cddac8d 100644
--- a/erpnext/stock/stock_ledger.py
+++ b/erpnext/stock/stock_ledger.py
@@ -536,7 +536,7 @@ def process_sle(self, sle):
 			sle.voucher_type in ["Purchase Receipt", "Purchase Invoice"]
 			and sle.voucher_detail_no
 			and sle.actual_qty < 0
-			and frappe.get_cached_value(sle.voucher_type, sle.voucher_no, "is_internal_supplier")
+			and is_internal_transfer(sle)
 		):
 			sle.outgoing_rate = get_incoming_rate_for_inter_company_transfer(sle)
 
@@ -648,7 +648,7 @@ def get_incoming_outgoing_rate_from_transaction(self, sle):
 			elif (
 				sle.voucher_type in ["Purchase Receipt", "Purchase Invoice"]
 				and sle.voucher_detail_no
-				and frappe.get_cached_value(sle.voucher_type, sle.voucher_no, "is_internal_supplier")
+				and is_internal_transfer(sle)
 			):
 				rate = get_incoming_rate_for_inter_company_transfer(sle)
 			else:
@@ -1488,3 +1488,15 @@ def get_incoming_rate_for_inter_company_transfer(sle) -> float:
 		)
 
 	return rate
+
+
+def is_internal_transfer(sle):
+	data = frappe.get_cached_value(
+		sle.voucher_type,
+		sle.voucher_no,
+		["is_internal_supplier", "represents_company", "company"],
+		as_dict=True,
+	)
+
+	if data.is_internal_supplier and data.represents_company == data.company:
+		return True