Why in the interview of accounts by a CA a candidate is asked that whether he knows to make the Reconciliation Statement?

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malaikani rajamani

  • Aug 10th, 2007
 

Actually reconciliation is much important in credit bound modern organization. this only shows exactly how, relally a company have in bank account. so, organization payment and investment policy purely depends on their amount in banks.

Also, reconciliation is one of the major complex one in part of tallying. so, once a candidate familiar with reconciliation, most of managers believe that the candidate are capable handling critical situation of fulfilling effect of errors made in accounting.

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