What is bank reconciliation statement?
Answer Posted / g k renjit
Bank Reconciliation statement is a statement prepared by a
customer of a bank showing the cause of disagreement between
the balance as per his cash book and pass book as on a
particular date.It is prepared to bring the cash book
balance in agreement with the balance as per pass book.
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in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
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