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Reconciliation

This query is : Resolved 
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(Querist)
13 May 2016 Why we are reconciling only Balance sheet Accounts and not reconciling any Profit & Loss Account.
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Rupesh Jain

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Rupesh Jain (Expert)
13 May 2016 B/S reco. required for taking op balance in next year.
In P/L reco. sales and purchase also reco for matching the sale and purchases with vat returns.

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