Suppose balance of bank statement is same as bank book. So, do we need to prepare BRS. If yes, Why?
AnswerBot
1y
Yes, we still need to prepare a Bank Reconciliation Statement (BRS).
BRS helps in identifying any discrepancies between the bank statement and bank book.
Even if the balances are the same, there could b...read more
Anonymous
author
2y
Yes, To identify compensating errors.
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