Why it is necessary for the cost and financial accounts
Question:
Indicate the reasons why it is necessary for the cost and financial accounts of an organization to be reconciled and explain the main sources of differences which could enter into such reconciliation.
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Indicate the reasons why it is necessary for the cost and financial accounts of an organization to be reconciled and explain the main sources
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Why is reconciliation of cost and financial accounts necessary? Give examples of purely financial and exclusively cost in nature.
Are these practices sound business decisions? Are they ethical? Explain.
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