What is Vendor Reconciliation and how is it done ?
Answers were Sorted based on User's Feedback
Answer / pratik sharma
it is a statement,it is made by vender or company, when
balance as per our book(Cr)is not match by venders A/C book
(Dr)
Is This Answer Correct ? | 14 Yes | 16 No |
Answer / a.bhanuchander
Vendor reconciliation means analysing the vendor acoount
against the company cash account and interpreting the net
balance in vendor ledger account.
Is This Answer Correct ? | 7 Yes | 11 No |
Answer / ravinder
Difference between debit note and credit note?
Is This Answer Correct ? | 6 Yes | 12 No |
Answer / md musaquim alam
A vendor reconciliation account is a balance sheet account found in the general ledger. This account is used to summarize the transactions found on the accounts payable sub-ledger and is also referred to as a control account.
Is This Answer Correct ? | 0 Yes | 9 No |
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