A bank reconciliation normally begins with the ending cash balance shown on the bank statement and reconciles it to the unadjusted cash account balance on the company's books.

Answer the following statement true (T) or false (F)


False

A bank reconciliation normally begins with the cash balance reported by the bank, which is called the unadjusted bank balance. The adjustments necessary to determine the amount of cash that the depositor actually owns as of the date of the bank statement are then added to and subtracted from the unadjusted bank balance. The final total is the true cash balance.

Business

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