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When benefits are proportional to contributions in a relationship,
Deposits In Transit
Funds that have been deposited by a company but not yet recorded by the bank, resulting in a timing difference in the account balance.
Withdrawal
An act of taking money out of a business by the owner for personal use.
Credit Memorandum
A document issued by a seller that reduces the amount owed by a buyer, typically due to a return or refund.
Note Receivable
A written promise for the amounts to be received by a party, often including interest, by another party.
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