When reconciling is done,the corrected bank balance and the corrected book balance will be identical.

Question

Quizplus · Accepted Answer

When reconciling is done successfully, the corrected bank balance and the corrected book balance should match and be identical. This means that all discrepancies have been identified and resolved, and that the accounts are accurate and up-to-date. However, if there are still differences between the two balances after reconciliation, further investigation may be necessary to determine the cause and reconcile the accounts accordingly.

When Reconciling Is Done,the Corrected Bank Balance and the Corrected