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What is the Purpose of Preparing Bank Reconciliation
Statement?
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Answer Posted / prabhavthy
The purpose of preparing BRS is to know the actual balance
in bank book. For that we have to compare the bank book and
company book.And major things is to ascertain the fund flow
for the company.Based on that balance the will issue the
cheques.. The BRS carried out for 1st week of every month.
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