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If Pass book & Cash Books Balances are showing same so are
you need to BRS ?
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Answer Posted / h.r. sreepada bhagi
Even if the balances of Bank pass Book & Company's bank book
are matching, reconciliation needs to be done to ensure the
correctness of the transactions. 'Compensatory Errors'
(Example is given in one of the answers above), will come to
notice only when reconciliation is prepared. In case all the
entries are matching, then also from the view point of
confirmation and audit, it should be mentioned in the Bank
Reconciliation Statement.
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