determine which of the statements below is true regarding the adjusted bank balance and the adjusted book…

determine which of the statements below is true regarding the adjusted bank balance and the adjusted book balance on a bank reconciliation. the adjusted bank balance must equal the adjusted cash balance per books. the cash balance on the bank statement must equal the cash balance in the general ledger before the bank reconciliation. the adjusted book balance will rarely equal the adjusted bank balance. the adjusted balance per books must equal the cash balance printed on the bank statement.

determine which of the statements below is true regarding the adjusted bank balance and the adjusted book balance on a bank reconciliation. the adjusted bank balance must equal the adjusted cash balance per books. the cash balance on the bank statement must equal the cash balance in the general ledger before the bank reconciliation. the adjusted book balance will rarely equal the adjusted bank balance. the adjusted balance per books must equal the cash balance printed on the bank statement.

Answer

Brief Explanations:

In bank - reconciliation, the goal is to make the adjusted bank balance equal to the adjusted cash balance per books. This is done by accounting for items such as outstanding checks, deposits in transit, bank errors, and book errors. Before reconciliation, the bank statement balance and the general - ledger cash balance may differ, but after proper adjustments, they should match.

Answer:

The adjusted bank balance must equal the adjusted cash balance per books.