What is Vendor Reconciliation and how is it done ?
Answer Posted / jyoti
Vendor(service provider) is one from whom we(service
acceptor)received services.So,Vendor Reconciliation(V.R)
means to know outstanding receivable as per vendor A/C and
outstanding payable as per our(service acceptor) A/C.
For doing V.R, one who is accepting service ask for
Statement of accounts(only for outstanding receivable)of
Vendor's, so that we can check and find out the reason for
discerpancies(if any) and can take corrective action to
close it.
Is This Answer Correct ? | 10 Yes | 5 No |
Post New Answer View All Answers
If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.
I DED TDS ON SALARY AND CONTRACTOR WHERE I DEPOSITED THIS AMOUNT WHICH PROCESS I FLOW TO FULL FILL ALL THE MANDATORY
what is the scope of business taxation in private company?
Which form used for registration in GST?
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
calculation of Tds on subcontractor
Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes
CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT
How to file the CST return and which form is use.
What is the date of depositing entry tax and submission of return?