What is Profit Reconciliation Statement?


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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.

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MT UVA- University, Vocational and Affiliated Education for BMS

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MT UVA BMS

MT UVA- University, Vocational and Affiliated Education for BMS

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