A bank reconciliation results in creating an adjusted bank balance as well as an adjusted book balance.

Name: A bank reconciliation results in creating an adjusted bank balance as well as an adjusted book balance.
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Question

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A bank reconciliation process involves comparing the bank statement balance with the company's book balance, making adjustments for any discrepancies and arriving at an adjusted bank balance and an adjusted book balance.

A Bank Reconciliation Results in Creating an Adjusted Bank Balance