what is bank reconciliation statement?
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Answer / malaya2100
Bank Reconciliation Statement (BRS) is a statement showing
the causes of difference in Cash Book and Pass Book.
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Answer / sra1jay
It is a statement , shows the differences between Cash book bank column and Pass book . The reconciliation done when we have the Bank statement.
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Answer / raghuvstar@gmail.com
It is a concept of the matching between two data .
matching between as per cash book and Bank Book
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Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
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