Fixed Asset Reconciliation?

What is fixed asset reconciliation? Why do we prepare fixed asset reconciliation?

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  • Nov 23rd, 2016

Fixed assets are those assets which are purchased for long term use and those assets cannot be converted into cash very quickly.

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  • Dec 28th, 2016

We Prepared the fixed asset reconciliation just to get the information whether depreciation has been properly charged or not, whether the addition of new asset to the particular accounts is justifiable or not, whether the disposal of asset correctly booked or not and to know whether the fixed assets is showing the proper value or not as on the closing date.

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