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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 / ankush kumar
BRS is prepared to know the reason of diff. b/w cash book and pass book.
even CB and PB balances are tally we should make BRS because balance may be tally rectification entries....
Like we deposited a ch. of rs.1000. and yet not cleared and bank credited rs. 1000 as interest. so balance will be tally.
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