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Answer Posted / ajaz
Bank reconsilation is a process in which the transactions
initated by branch A on branch B is reconsiled and the
entries washed out i.e branch A issues a draft on branch B
of same bank the head office of both branch affacted now
when branch B pay the drafts it send all entries to IBR
Deptt they reconsile it when both entires mached it mean
there is no pendig entry on /A TO B.
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