P.R.S. is a statement prepared to reconcile the difference between :
A) Net profit as per Cost Accounts ( as per cost – sheet )
AND
B) Net profit as per Financial Accounts ( as per profit and loss A/c )
When net profit as per cost – accounts for a particular period ( generally a year )
is compared with net – profit as per financial accounts for the same period, it is generally
found that the two profits figures are not the same even if they are for the same period.
What is Profit Reconciliation Statement?
48 Comments
You must be logged in to post a comment.
Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140
explanation is nice
Hello colleagues, how iss the whole thing, and
what you wish for to say regarding this piece oof writing, in my view itts in fact awesome for me.