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Which of the Following Is Not One of the Main

question 36

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Which of the following is not one of the main six factors to consider when evaluating how much your firm should spend on IT infrastructure?


Definitions:

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to see if they are consistent.

Company Books

Official records maintained by a business documenting its financial transactions and activities.

Outstanding Checks

Checks that have been issued and recorded in a company's financial records but have not yet been cashed or cleared by the bank.

NSF

An acronym for "Non-Sufficient Funds," indicating that a check cannot be processed due to insufficient money in the account.

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