Assertion: bank statement's balance | /r/HasProperty | equal
Facets:
value: under this process
type: OTHER
Source sentences:
text: Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books.
text: It may be mentioned that under this process two adjusted balances will be equal.
text: Once the bank statement balance is adjusted for deposits in transit and outstanding checks and the book balance is adjusted for bank account activity not recorded in the accounting system, the two adjusted balances should be equal.
text: Adjustments of errors are made Now the balance between the cash book and statement should be equal or the same.