After it completes a bank reconciliation,a business must prepare a number of adjustments to its records.The additions and deductions from the Cash account on the books should be the basis for the adjustments.

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This statement is true. Reconciling a bank statement involves comparing the bank's records to the company's records, and identifying any differences between the two. Once the reconciliation is complete, the business must make adjustments to its own records to ensure that they accurately reflect the company's true cash position. These adjustments are typically based on the additions and deductions that were identified during the reconciliation process.

After It Completes a Bank Reconciliation,a Business Must Prepare a Number