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Cells spend most of their time in what phase?
Outstanding Check
A check that has been written by a company but has not yet been cashed or cleared by the bank.
Accounting Records
Documents and books that capture a company's financial transactions, including journals, ledgers, and financial statements.
Cash Account
An account where all transactions are made in cash, including receipts and payments.
Bank Reconciliation
Bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement, to ensure accuracy.
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