Difference between The two

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20 Points Posted on 26 July 2021
What is the difference between the External Confirmation and comparison with Statement of
accounts obtained from External Party?
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On 26 July 2021 at 14:10 Report
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This discussion clarifies the difference between external confirmations and statements of accounts obtained from external parties. An external confirmation is generally a certificate, whereas a statement of accounts is a ledger provided by an external party. The common practice is to obtain the parties' ledgers, also known as statements of accounts, for verification.

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GST Consultant
20 Points Posted on 26 July 2021
External confirmation is usually in the form of certificate.
Statement of accounts is ledgers obtained from external party
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On 26 July 2021 at 15:47
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20 Points Posted on 26 July 2021
Normally it is practice to obtain parties ledgers ( Statement of Accounts ) .
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On 26 July 2021 at 16:22

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