Answer / rajesh

Inter Company Reconciliation is must to prepare final accounts.

Example:
A & B these two companies are held by same person.

IF Fund not in the A's Bank account. So B' issue the cheque to A's Creditors on behalf of "A".
If your are not reconcile the intercompany. your liability will be more. you cannot meet working capital.
So, Inter company reconcile is must.

What is the Rate of VAT applicable on Electronic & Electrical goods?

6 Answers  

---

What do you mean by balancing of ledger account?

0 Answers  

---

what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?

2 Answers  

---

What is trade finance

3 Answers   Barclays, IBM, Manufacturing,

---

Assigning natural account to accounting seg. What will happen

0 Answers   Meru Cabs,

---

the client has running his business in a rental building and he built new room in same place with own money. can we use the expenses of new room in profit and loss a/c

1 Answers  

---

What is standing order

1 Answers   Capital IQ,

---

Pass the journal entry: rent outstanding

0 Answers  

---

what is ledger balance

3 Answers  

---

define SOX

1 Answers   WNS,

---

What is journal entry for sales return

5 Answers   HP, IBM,

---

Tell me how much statistics knowledge is necessary or required in accounting?

0 Answers  

---