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what is branch reconciliation?what is the Procedure of
Branch reconcile step by step?
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Answer Posted / bhavna
Inter company accounts can be reconciled in order to ensure
all transactions are accounted for properly.
Goods, services, financial transaction take place between
different branches of a company, between different
departments or between different subsidiaries of the
company. It is essential to account for each transaction
correctly, with each sale or purchase correctly recorded and
the appropriate debit or credit note passed.
| Is This Answer Correct ? | 30 Yes | 4 No |
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