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.
2 Replies
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36398 Points)
Replied 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.
sabyasachi mukherjee
(27803 Points)
Replied 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.
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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