Examlex
How is a gear pitch calculated?
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure consistency and accuracy.
Deposit In Transit
Funds that have been received and recorded by a company but not yet reflected in the bank's records.
NSF Notation
An abbreviation for "Non-Sufficient Funds," used by banks to indicate that a check cannot be honored because the account holder's account lacks the funds to cover it.
Sales Returns And Allowances
Accounts used to record reductions in revenue from previously recorded sales due to product returns or concessions granted to customers for damaged or unsatisfactory goods.
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