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Revenue reconstruction with cost

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18 Points Posted on 30 August 2020
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.
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On 30 August 2020 at 09:57 Report
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Finance/Compliance Consultant
61855 Points Posted on 30 August 2020
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.
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On 30 August 2020 at 22:57
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Profession Business
28207 Points Posted on 01 September 2020
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.
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On 01 September 2020 at 09:03


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