Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
Please give me as example of service tax & Vat Posting through Tally.
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
Define fictitious assets?
Tell me why some asset accounts have a credit balance?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
our cheque to Arshad Khan was dishonored?
I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
how to caluclate tds from emloyees and others
What are the functions of manger -accounts and manager-finance? Explain in detail
What are depreciation and amortization?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
What qualification do you need to become an accounting professional?
