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Difference between The two

Y Srikantha Reddy (4 Points)

26 July 2021  
What is the difference between the External Confirmation and comparison with Statement of
accounts obtained from External Party?

 2 Replies

CA Altamush Zafar (GST Consultant) (11075 Points)
Replied 26 July 2021

External confirmation is usually in the form of certificate.
Statement of accounts is ledgers obtained from external party

prasad Nilugal (3864 Points)
Replied 26 July 2021

Normally it is practice to obtain parties ledgers ( Statement of Accounts ) .

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