Ledger Reconciliation
Ledger reconciliation is the process of comparing account balances in the general ledger with supporting records, such as bank statements or sub-ledgers, to ensure accuracy. It helps detect errors, omissions, or fraud and is a crucial step in closing financial periods and maintaining reliable books.
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Life Cycle Costing
Life cycle costing analyses the total cost of owning, operating, maintaining, and disposing of an asset over its useful life.…
Labour Cost Variance
Labour cost variance measures the difference between the standard labour cost and the actual labour cost incurred. It helps identify…
Loan Covenant
A loan covenant is a condition or restriction set by lenders to ensure borrowers maintain financial discipline. Covenants may require…
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