07-19-2009, 02:22 AM
Dear,
No inventory reconciliation is required to be incorporated in accounts,
However,if any such policy is exist, Internal Auditor or any other person on instructions, may issue certificate, which may indicate the reconciliation of Stock balance in accounts to that of its physical quantity to avoid any possible embezzlement.
Best Regards,
No inventory reconciliation is required to be incorporated in accounts,
However,if any such policy is exist, Internal Auditor or any other person on instructions, may issue certificate, which may indicate the reconciliation of Stock balance in accounts to that of its physical quantity to avoid any possible embezzlement.
Best Regards,