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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Revenue reconstruction with cost
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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.
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