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what is reconciliation

Answer Posted / hba

we prepare BRS to reconcile our cash book, to find out if
the the bank balance in the pass book agree with the
balance in the cash book or not. some times what happens
bank directly reduce some amount from the company's a/c or
some time client also directly deposited due amount into
company's a/c which is not in the knowladges of accountant,
therefore to reconcile the cash book BRS is prepared.

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