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Confirmation of account

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Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2013 before issuing confirmation of the leger account to the third parties whose scrutiny is going on, can we demand the leger account of our own account in the books of the third parties?

after cross checking the balance , then confirmation is issued to the 3 rd party

is it good ?

Dr. Rashid Mehmood, CPA, Ph.D

Dr. Rashid Mehmood, CPA, Ph.D (Expert)

11 February 2013 At first instance there is no need to demand your ledger account in the books of third party supposing that you are maintaining the accounts well and every transaction has been booked in timely manner. in this case you will simply tally the ledger balance with your books (A/R or A/P). if you find any discrepancy you may notify the difference to the third party or their auditor, in such a scenario ledger account in third party books can be demanded in order to reconcile the difference between the third party and your books.

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