Is Bank reconcilliation done If the client has adopted Cash basis accounting...
Jag Bhushan Sharma
(Faculty in a B-School)
(633 Points)
Replied 22 February 2014
Bank Reconciliation Statement is prepared in both the cases whether accounting is done on cash basis or or accrual basis. For understanding reasons for preparing BRS you could watch my lecture on Youtube.com/JBSCLASSES. I have launched a site to discuss the basic accounting specially for Class XI, Class XII and CPT. You could visit the site to discuss further such issues.
www.jbsclasses.com
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