The amount of the "adjusted balance" appearing on a bank reconciliation as of a given date is the amount that is shown on the balance sheet for that date after all adjusting entries have been entered.

Question

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The statement is true. The adjusted balance is the balance that has been modified to reflect any necessary adjustments or corrections as a result of reconciling the bank statement with the company's records. This adjusted balance is what will be reported on the balance sheet after all adjusting entries have been made.

The Amount of the "Adjusted Balance" Appearing on a Bank