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If Pass book & Cash Books Balances are showing same so are
you need to BRS ?
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Answer Posted / chandu
yes sir, if cash book and bank book balances are showing same balance. you needn't to prepare reconcialation.
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We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
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