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Is Bank Reconciliation Statement is compulsory prepared?
Even when both cash & Bank Book are tally?
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Answer Posted / bharat
Yes. How can we know all chqs deposited/issued cleared or
not. Balance may b tally bcoz compansation entry. Eg.
Rs.500/- chq issued but not cleared & Rs.500/- bank charges
dr. by bank not in bank book of company
| Is This Answer Correct ? | 72 Yes | 4 No |
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