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Is bank reconcilation necessary for any organization ?
If yes, when should that performed ?
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Answer Posted / prasad s
yes it is very important because without bank reconcialation
accounts can not be closed. so the reason we have to take
the bank statement from banks and ready to bank
reconcialation and what ever the balance in your bank book
balance and the bank statement should match each other. then
only BRS is correct.
| Is This Answer Correct ? | 13 Yes | 0 No |
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