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Answer Posted / suryakant
Reconciliation a/c is a General Ledger account which needs to be created to linked in multiple sub-ledger accounts of similar category so that when you post items to a sub-ledger, the SAP system automatically posts the same data to the reconciliation general ledger at the same time. This means that you can draw up financial statements like P&L and Balance sheet at any time without doing manual transfer of totals from the sub-ledgers to the general ledger.
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