Is Bank Reconciliation Statement is compulsory prepared?
Even when both cash & Bank Book are tally?
Answers were Sorted based on User's Feedback
Answer / chetan upadhye
Yes ,I aggri with you
Because without help of bank reconciliation prepaid not
able to tally cash & bank pass book
e.g:suppose cheque deposited Rs:1000 in bank ,but not
enterd into cash book .
|Is This Answer Correct ?||2 Yes||0 No|
Answer / arun
Yes because the bank has many accounts of diff people they can't tally all the book at a time so bank should tally all the accounts equaly and definetly
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Answer / madhu naidu
It is a statement to prepare to reconsile the diffrence
between balence as per Bank book and balence as per cash
* it is prepared by a customer (i.e Accountant)
* according to My knowledge if both books are tallyed at
the same time, There is no need to prepare This statement.
|Is This Answer Correct ?||0 Yes||1 No|
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type of reconciliation?