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What is s bank reconciliation statement? Give an ex where
the Bank book and d cash book will not reconcile?
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Answer Posted / dev
BRS is the statement that reconciles the bank balance in
the books of the organization with the bank statement.in
other words it is dif b/w cash book & bank book.
example whare the bank book and da cash bool will not
reconcile.
1] outstanding cheques,
2] deposit in transit,
3] Bank service charges,
4] interest,
5] electronic charges [ATM]
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