Examlex
Which of the following statements is FALSE?
Cheque
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.
Invoice
A document sent by a seller to a buyer, outlining the goods or services provided, their prices, and the total amount owed.
EOM
End of Month, referring to any activity, measurement, or payment scheduled to occur on the last day of a month.
Outstanding Balance
The total amount of money owed on a loan, credit card, or mortgage that is yet to be paid.
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