Question

How is the adjusted cash balance per book calculated in financial reconciliation?

A) Cash balance per book + collections & interest - uncollectible items - errors
B) Cash balance per book - collections & interest + uncollectible items - errors
C) Cash balance per book + collections & interest - uncollectible items +/- errors
D) Cash balance per book - collections & interest - uncollectible items - errors

Answer 1

The adjusted cash balance per book in financial reconciliation is calculated by adding the cash balance per book with the collections and interest and then subtracting the uncollectible items and errors.

Step-by-step explanation:

The adjusted cash balance per book in financial reconciliation is calculated by adding the cash balance per book with the collections and interest and then subtracting the uncollectible items and errors. The formula is: Cash balance per book + Collections & Interest - Uncollectible items - Errors.