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________ include banks, credit companies, insurance companies, and other businesses that help insure against the risks associated with the buying and selling of goods.
Deposits in Transit
Funds that have been received and recorded by a company but not yet by its bank.
Bank Reconciliation
Process of verifying the accuracy of both the bank statement and the cash accounts of a business.
Bad Debt Expense
This refers to an expense recognized by businesses to account for invoices that are unlikely to be paid by customers.
Income from Operations
The earnings generated from a company's principal business activities, excluding non-operating income and expenses such as interest and taxes.
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