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Audit Schedules

By | December 3rd, 2017|Categories: Articles|

General Ledger A general ledger account is an accumulation of similar transactions in to one account. A general ledger account is designed to control one or more activities. A general ledger account may contain posting errors due to various reasons. A general ledger provides valuable information to manage the business A general ledger may have number [...]

Step by Step Procedure ‐ Bank Reconciliations

By | December 3rd, 2017|Categories: Articles|

1.The definition of RECONCILIATION The word RECONCILIATION means ‘to come to an agreement. This happens even to people. If they had a disagreement on some issue and then later they come to an agreement. We can say that they have reconciled. Similarly, in financial terms, where the same transaction is recorded in two different places, we [...]