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reconcilation account

Posted on Dec 02, 2007 at 09:24 AM 12 Views

what is the reconcilation account?

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    author's profile photo Former Member
    Former Member
    Posted on Dec 02, 2007 at 09:44 AM
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    Reconsilation account used as a link between subledger& GL account.

    Transation posted in Subledger automatically posted in the GL account using the Reconsilation Account.

    ex: accounts payable, accounts receivable, meterial accounts, asset accounts.

    PRASAD

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