Examlex
The Central Limit Theorem states that when the sample size increases,the distribution of the sample means will approach the normal distribution.
Outstanding Deposit
Refers to funds that have been deposited in a bank account but have not yet been credited or made available for use.
Outstanding Checks
Checks that have been written and recorded in the account ledger but have not yet been cashed or cleared by the bank.
Adjusted Balance
The method of calculating finance charges on a credit account by subtracting payments or credits received during the billing cycle from the balance at the end of the billing cycle.
Check Register
A record-keeping tool used to track checks written, deposits made, and the current balance of a checking account.
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