Who maintains BRS (Bank Reconciliation Statement) ?
Answer Posted / smita khutal
Bank Reconiliation statement which rectifies the mistake &
left entries in cash book generally it if maintained by the
business who has a current a/c in a bank. & make all
payments & receipts entries intally all check the cheque
book issue and campare bank statement
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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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