Ledger Question:

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What is Gl reconciliation?

Ledger Interview Question
Ledger Interview Question

Answer:

GL Reconciliations are list of items that make up a GL account. For example, list of current unreversed accruals in a Sundry Creditors Balance sheet account. The items in Reconciliation should be identified and regularly monitored on a monthly basis to ensure items reverse out in late periods or are charged out to P&L.

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