A bank reconciliation usually yields both an adjusted bank balance and an adjusted book balance.

Name: A bank reconciliation usually yields both an adjusted bank balance and an adjusted book balance.
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Question

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A bank reconciliation involves comparing the bank statement to the company's books and making any necessary adjustments to both the bank balance and book balance to ensure they match. Therefore, the end result should be an adjusted bank balance and an adjusted book balance.

A Bank Reconciliation Usually Yields Both an Adjusted Bank Balance