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Maintains records for a number of years. |
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Maintains a record of the outside agencies with which
an organization deals. |
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Has a provision to maintain separate accounts for different
outside agencies. |
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Has a provision for different types of books like bankbook,
cashbook and journal book. |
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Provision for reconciliation. |
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Prepares Bank Reconciliation System (BRS). |
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Provides view of the balance of each heads
or account |