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Prepare a bank reconciliation from the following information:
a. Balance per bank statement of September $5,325
b. General Ledger balance 5,750
c. Collection of note by bank 500
d. Service charges 110
e. Deposit in transit 2,140
f. Outstanding cheques 1,325
Cash Conversion Cycle
An indicator that calculates the duration required for a business to transform its inventory investments and additional resources into cash flows resulting from sales.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Inventory
The total amount of goods or materials a business has on hand, including raw materials, components, and finished products.
Pricing Policy
How pricing will be determined for your products and services.
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