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.

Pass necessary journal entries for the following. 1.Goods supplied by surjit for rs 15000 were entred in sales book.

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sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,

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