Bank Statement balance vs reconciled bank balance

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Hello fellow accountants. Need some guidance on an audit/accounting issue. What should a client put in the balance sheet as their "cash at bank" figure? The balance per the bank statement from the bank? Or the *reconciled* cash balance from the client (assuming they have done it correctly)? In other words, should the "cash at bank" balance ALWAYS agree with the Bank Statement balance?
 

BIG E

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It's the reconciled book balance provided that all transactions have been reported in the cash receipts and cash disbursement journals. It's very rare that the book balance equals the bank balance due to outstanding items that haven't hit the bank statement yet.
 
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It's the reconciled book balance provided that all transactions have been reported in the cash receipts and cash disbursement journals. It's very rare that the book balance equals the bank balance due to outstanding items that haven't hit the bank statement yet.
Thanks a mil
 

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