Examlex
Select the true statement from the following.
Cash Sales
Transactions where payment is made in cash at the time of sale, immediately impacting a company's cash balance.
Deposits In Transit
Funds that have been deposited by a company but not yet recorded by the bank, leading to discrepancies in account balances.
Bank Debit Memo
A notice from a bank that decreases a customer's account balance due to charges like fees for service or for issuing a check without sufficient funds.
NSF Check
A check that has not been honored by the bank due to insufficient funds in the account of the issuer.
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