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