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Account related

Former Member
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Dear friends

What is difference between

Revenue account

cash settlement account

Reconcillation account

How it get posted

With regards

Sankalp

singhai.sankalp78@gmail.com

Accepted Solutions (0)

Answers (1)

Answers (1)

bcrao
Active Contributor
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the credit /debit accounts of customer sales will be posted in revenue a/c

cash settlement a/c : in cash sales we put in cash settlement a/c , generally this a/c will not consider for credit management

reconcillation a/c: some of subledger a/c (like revenue ,cash settlement etc) were grouped in to reconcilation a/c