Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
What is mutual fund sub accounting?
What Is Responsibility Accounting?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Private purchases amounting to rs 5000 have been debited to purchases account
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
What is meant by calendar maintenance?
Horizontal balance sheet versus Vertical balance sheet
what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716
How you can adjust entries into account?
when dissoluction of firm why investment flchuationfund subtrect from book value
How did you chose your university?
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
