What is reconsilation flag in gl?
What is use of this ?
Answers were Sorted based on User's Feedback
Answer / saritha reddy
reconsilation flag is used to meet some reporting
requirements in the european country .This is used only for
tax calculations purpose.
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / arunasish sircar
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| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / hussain
Accrual Accounting standards use control accounts,also
known as parking accounts. These acounts should be given
the reconciliation flag.
| Is This Answer Correct ? | 0 Yes | 1 No |
one employee went on site , we given to him 1000 through prepayment . but i final spends amount is 800, then what about remaining 200 , how can we refund to organisation. through debit memo or credit memo, or , prepayment or if any, please give me best solution , if any one know this question answer reply me this mail, nmallioracle@gmail.com
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