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Why we are prepareing Bank Reconciliation Statements ?
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Answer Posted / nick thomas
we are preparing BRS to keep track that bank balance in our
book and bank statement are in line,It also helps us in to
know whether any chq issued or Deposited is uncleared (6mths
ofr payment and 8 days for receipts).so that we are able to
know that any of cheque is still uncleared.
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