The true cash balance can only be determined if both the unadjusted bank balance and the unadjusted book balance are known.
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. The true cash balance is independently reached a second time by making adjustments to the unadjusted book balance.
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