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what do you mean by Bank reconcilation statement
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Answer Posted / nimish bhatia
many a times the balance as per the cash book n that ar per
the bank book doesnt match becoz of the reasons like time
taken to clear a cheque etc... in order to concile the
balances between the 2 statements, a statement called brs
is prepared... it ensures that no wrong entry is passed in
either of the two books...
| Is This Answer Correct ? | 107 Yes | 14 No |
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