Daffodil International University

Faculties and Departments => Accounting – The Language of Business => Business Administration => Business & Entrepreneurship => Cost Accounting => Topic started by: MD. ABDUR ROUF on December 08, 2018, 01:40:01 PM

Title: Need for Reconciliation of cost and financial accounts
Post by: MD. ABDUR ROUF 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.