what is reconciliation of assets?
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Answer / srinivas annavarapu
Reconciliation of Assets means
comparing opening and closing balances to find out whether
any new assets purchased or sold during the year are
accounted properly, depreciation on the assets is charged
at correct rate and deducted from respective asset value
and arrived at correct closing balance.
| Is This Answer Correct ? | 31 Yes | 6 No |
Answer / bhuwan tewari
reconciliatio of assets means to reconcile or verify all
goods(Assets) whith the books of accounts and their
original bills to see all the assets are in their
respective place or not.This definition helps to the
internal assets reconsiliation and
verifying the existing assets or the assets value which
appears on the balance sheet.
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / jitendra jain
reconciliation means verifying the assets or the assets
value which appears on the balance sheet of a particular
company.
| Is This Answer Correct ? | 15 Yes | 5 No |
Answer / henry chen
Asset reconciliation is an important part of asset management. It is the capability of reconciling the differences between a physical inventory of what actually exists and the database accounting system of what we believe exists. This reconciliation is important for support reasons and, perhaps, even more important for the financial and compliance management.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / gopal sharma
reconciliatio of assets me to reconcile all the books of
accounts with their original bills & to see all the assets
are in their respective place or not.
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / sandeep singh
Asset reconciliation means '' reconciliation of the positions in Asset''
Cash and Asset reconciliation is related but not same.
| Is This Answer Correct ? | 6 Yes | 0 No |
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