Original scientific paper

Reconciliation of Receivables and Payables

Marina Proklin ; Financijska agencija, Regionalni centar Osijek

Abstract

One of the basic accounting requirements, as an achievement of application of accounting standards, is to report assets on the balance sheet at fair value. Marking assets at fair value results in an increase or decrease in the value of assets and reporting of actual payables, i.e., an increase in expenditures or revenues. This paper provides detailed instructions on appropriate accounting procedures in such cases.

Keywords

reconciliation; receivables; payables

Hrčak ID:

107912

URI

https://hrcak.srce.hr/107912

Publication date:

24.7.2013.

Article data in other languages: croatian

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