Party reconciliation
This query is : Resolved
09 November 2013
WHAT IS PARTY RECONCILIATION , EXPLAIN CONCEPT WITH EXAMPLE?
10 November 2013
often in business there are several transactions entered into with a party - creditor, debtor etc. Such transactions could sale, purchase, sales returns, purchase returns, payments, receipts etc.
Therefore, it becomes necessary to do reconcile all the transactions entered into to ensure that that all the transactions are properly recorded in the books and that the outstanding balance in the books reflect the correct amount.
Such a reconciliation is known as party reconciliation.
You may download this file for further knowledge and experimentation:
https://www.caclubindia.com/share_files/party-reconciliation-statement-27907.asp#.Un6HRyeKK9g
Therefore, it becomes necessary to do reconcile all the transactions entered into to ensure that that all the transactions are properly recorded in the books and that the outstanding balance in the books reflect the correct amount.
Such a reconciliation is known as party reconciliation.
You may download this file for further knowledge and experimentation:
https://www.caclubindia.com/share_files/party-reconciliation-statement-27907.asp#.Un6HRyeKK9g
15 November 2013
STLL MY CONCEPT IS NOT CLEAR AFTER READING THIS FILE
PLEASE SEND ME MORE FILES
PLEASE SEND ME MORE FILES
15 November 2013
tell me what are your specific doubts?
15 November 2013
WHAT SHOULD BE ADDED AMD WHAT SHOULD BE DEDUCTED, PLEASE GO THROUGH THIS FILE, IT IS CONFUSING,
IN SHEET 1 PARTICULAR ITEM IS DEDUCTED AND IN ANOTHER IT IS ADDED
IN SHEET 1 PARTICULAR ITEM IS DEDUCTED AND IN ANOTHER IT IS ADDED
22 November 2013
WHAT ARE DOCUMENTS REQUIRED IN PARTY RECONCILIATION
HOW TO START PARTY RECONCILIATION
HOW TO START PARTY RECONCILIATION
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
