Define the Following Terms

question 66

Short Answer

Define the following terms
-statistical significance

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Definitions:

Running Cash Balance

The current amount of cash available in an account, changing with each transaction.

Company Check

A check written from a company's account, representing an official payment by the company to another party.

Deposits in Transit

Funds that have been deposited by a company but have not yet been recorded by the bank.

Recorded

The process of documenting financial transactions in the accounting records of an organization.