what is stock and cash reconciliations ?

Answer 1

You are bascially comparing you records to a broker such as Merrill Lynch. By doing this comparison you are making sure they processed the same cash transactions and stock tranctions as you did. The reconciliation should be zero. If it is not zero you should list outstanding items on either side. These outstanding itmes will cause the reconciliation to be zero, but the items must be fixed withinin a certain time to clearly demonstrate that you and the broker agree on all transactions.

Answer 2

Inventory and accounting