Examlex
________ is to general scientific understanding as ________ is to practical problems.
Checks Presented
Checks that have been written and given to payees but not yet cleared through the banking system.
Checks Written
Documents ordering a bank to pay a specific amount from the check writer's account to the person in whose name the check has been issued.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure accuracy and consistency.
Outstanding Checks
Checks that have been written and recorded in the paying entity's cash records but have not yet cleared the bank account.
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