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Accounting BRS
Accountancy
Is it necessary to do reconciliation if starting point is cash book and the balance is same as of pass book? True or false
Answers (1)
Best Answer
Yes, it is necessary. The pass book and cash book may tally but there may be some errors despite it. For example you may have debited bank account wrongly by 500 and at the same time the bank has debited your bank account for bank charges of which you have know knowledge. So this makes it necessary to make BRS.
