memorandum reconciliation a/c

hi prateek

memorandum reconcilation a/c is only a account which is informal or u can say for rough calculation made in this a/c .there is no standard format for it any one can use its own. its like u use rough sheet in exams

bt cn u plz chek d yesterday's paper of pcc cost fm

dey askd to prepare memorandum reconciliation a/c in Q-3(a)

 I have seen the paper it shows that reconcilation of cost record with financial record

this is only a reconcilation or say the matching of cost records with finacial records that what items are not taken either in cost or financial which effected the profit & Loss A/c .

In the question only relevent information is given.

So either u make whole P&L A/c for both for cost & Financial records, but it is not possible to do so due to non availabilty of information.

so the memorandum reconcilation a/c had been prepared. Its only extract of the information given . You can adopt any format and can take base by cost record or financial record.

A account had both debit side and credit side its the standard format. items u have to pick from the question

in memorandum reconciliation you have to use the word Dr. and Cr. instead of the word plus and minus as we done in case of simple reconciliation and the rest of the procedure is same.

ya i understud......thnx both of u

I hav prepared memorandum reconciliation statement instead of account... will i lose 8 marks? pls reply....