reconciliation mei contol accounts kya hote hai?
2 Replies
Karan Oberai
(C.A aspirant)
(45 Points)
Replied 06 August 2014
Control Account is not in reconciliation statement but in hire purchase. Control account is maintained by the buyer to keep a record of transactions with the seller.
Reconciliation is merely a statement that is prepared to compare pass book and cash book entries.
TEJAS KARNANI
(student)
(160 Points)
Replied 06 August 2014
i know bro that but in cost accounts paper 2005 the they require to prepare contro accounts for production overheads,administrative ohs and selling & distribution ohs......for 3 marks
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