After reconciliation, the adjusted bank balance should match with the company's ending adjusted cash balance. Example. XYZ Company is closing its books
muffin37
this is the anwer ACB - Adjusted Cash Balance, this is the third section on your bank reconciliation page. It looks at your Property Balances and makes sure that all reconciled, deposited and paid items line up with your bank balance.
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After reconciliation, the adjusted bank balance should match with the company's ending adjusted cash balance. Example. XYZ Company is closing its books