Answer :
The statements that is true regarding the adjusted bank balance and the adjusted book balance on a bank reconciliation is: The adjusted bank balance must equal the adjusted cash balance per books.
What is bank reconciliation?
Bank reconciliation can be defined as the way where by a company bank balance must be the same with the company cash balance.
In a situation where adjusted bank balance does not equal or reconcile with the adjusted cash balance per books this means that there is an error and such error must be detected for the bank balance to equal cash balance when preparing a bank reconciliation statement.
Inconclusion the statements that is true regarding the adjusted bank balance and the adjusted book balance on a bank reconciliation is: The adjusted bank balance must equal the adjusted cash balance per books.
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