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WHAT DO YOU MEAN BY BANK RECONCILIATION STATEMENT AND MIS
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Answer Posted / vijay bhaskar reddy
Bank reconciliation statement is tallying of our bank book
(transactions made through bank)balances with the banker's
pass book.MIS(Management Information System) is the
preperation of reports of the firm for a particular period
(Receipts & payments A/c, BRS, and other reports). MIS
indicates the exact picture of what were happened in the
particular period. Bank Reconciliation statement also one
of the report in MIS. Thankyou.
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