I wanted to know how I could do the revenue reconciliation with cost.
kindly suggest me the process or what need to consider to doing so.
Menu
Revenue reconstruction with cost
Replies (2)
You need to match revenue in respect of expenditure incurred. Like when you are selling an item for Rs. 100 Ex Tax you need to find out the cost of the same for the organisation and thereafter net profit.
Revenue reconcilliation with cost:
1.prepare a revenue statement monthly.
2. on the basis of cost sheet calculate the unit cost of an item.
3. reconcile with the revenue derived and then check.
1.prepare a revenue statement monthly.
2. on the basis of cost sheet calculate the unit cost of an item.
3. reconcile with the revenue derived and then check.
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
