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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 / ganesh reddy
ON MY view,
the BRS Is prepared to know the diff bitween CB AND PB.
Even CB and PB also eqeal ,there also we can find some diff.
Eg:- if we issued a cheek to our creditor Rs 1000/- but he
is not withdrawn.
after that
we also took one cheek from our Dr Rs 1000/- but not
deposited into bank but we recorded our books.
then also the both books to be same.
for find this mistakes we compulsary made BRS.
THANK .
| Is This Answer Correct ? | 30 Yes | 5 No |
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