Author Topic: Need for Reconciliation of cost and financial accounts  (Read 50 times)

Offline MD. ABDUR ROUF

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Need for Reconciliation of cost and financial accounts
« on: December 08, 2018, 01:40:01 PM »
Reconciliation of cost and financial accounts is necessary due to the following two main reasons:
(a)   To find out the reasons for the difference in the profit or loss in cost and financial accounts.
(b)   To ensure the numerical accuracy and reliability of cost accounts  in order to have cost ascertainment, cost control and to have a check on the financial accounts.
Dr. Md. Abdur Rouf
Assistant Professor of Accounting
Faculty of Business and Economics
Daffodil International University