Tag Archives | Control Accounts

Control Accounts: Meaning, Advantages and Formats

In this article we will discuss about Control Accounts:- 1. Meaning of Control Accounts 2. Advantages of Control Accounts 3. Formats. Meaning of Control Accounts: Control Accounts are the total accounts in the cost ledger which summarizes the totals of individual accounts (subsidiary ledger). In these accounts, entries are made once at the end of […]

Reconciliation of Cost and Financial Accounts

In this article we will discuss about:- 1. Meaning of Reconciliation 2. Need for Reconciliation 3. Procedure 4. Proforma of Memorandum Reconciliation Account 5. Practical Problems. Contents: Meaning of Reconciliation Need for Reconciliation Reconciliation Procedure Proforma of Memorandum Reconciliation Account Practical Problems on Reconciliation of Cost and Final Accounts 1. Meaning of Reconciliation: Where cost […]

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