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GR stands for General Reconciliation which is a financial document used to reconcile and report transactions between two parties.
Any individual or entity involved in financial transactions that need to be reconciled must file GR.
GR can be filled out by entering all relevant transaction information and ensuring that both parties agree on the reconciliation.
The purpose of GR is to ensure accuracy and transparency in financial transactions by reconciling accounts between two parties.
GR must include details of all transactions, credits, debits, and any other relevant financial information.
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