Business Studies, asked by aimone2175, 10 months ago

Explain the need for reconciliation of cost and financial accounts examples

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Answered by Anonymous

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Reconciliation of Cost and Financial Accounts is process to find all the reasons behind disagreement in profit which is calculated as per cost accounts and as per financial accounts. There are lots of items which are shown in the profit and loss account only when we make it as per financial accounting rules.

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