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What is the Difference between Reconciliation A/C and
Normal Posting A/c
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Answer Posted / rohan
Hi,
Generally all the revenue postings are made to the G/L
account. We maintain reconciliation account for customers,
vendors etc and the postings from the normal G/L account
are updated automatically to the corresponding
reconciliation account.
In other words, manual entries can be posted in the normal
G/L account and the same is not possible in the
reconciliation account, as these are automatically upadted.
Thanks
| Is This Answer Correct ? | 10 Yes | 1 No |
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