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Avoidable costs are always relevant.
Bank Statement
A monthly summary provided by a bank, detailing all transactions in a customer's account.
Interest
The cost of using borrowed money or the return on investment for savings and investments, usually expressed as a percentage.
Adjusted Cash Balance
The cash balance as per the company's records after making necessary adjustments for reconciling items with the bank statement.
Bank Statement
A document summarizing the financial transactions occurring within a specific period on a bank account.
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