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WHAT IS THE RECONSILLATION ACCOUTN
WHAT IS THE NEED OF RECONSILLATION AND WHERE IT EFFECTED
CAN WE MANINTAIN CUSTOMER AND VENDOR MASTER RECORD WITHOUT
RECONSILLATION ACCOUNT.
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Answer Posted / pavs
reconcilation account is the summary of subledgers. g/l is
the main ledger and vendor,customer,asset accounts are the
subledgers.it effects in gl master record and vendor
masterrecord and customer master record.no we cant maintain
customer and vendor master record without reconcilation
account.
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