Examlex
Someone who tries to avoid thinking a particular shameful thought may develop
Allowances
Reductions or adjustments to the carrying amount of assets or the amount of a liability, often related to accounts receivable or inventory to reflect possible uncollectibility or diminution in value.
Deposits in Transit
Deposits in Transit are amounts that have been received and recorded by a business but not yet reflected in its bank statement.
Bank Statement
A summary of financial transactions that have occurred over a period of time in an account held by a person or business with a financial institution.
Cash Account
A financial account that tracks the flow of cash transactions, including receipts and payments, within a company.
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