Examlex
Which of the following bank reconciliation items would not require an adjusting entry on the depositor's books?
Revolving Line
A credit arrangement that allows a borrower to use or withdraw funds up to a designated limit, repay them, and borrow again.
Simple Interest
A method of calculating interest where the interest charge is based only on the original principal, not on the interest which has been added over time.
Annual Rate
The interest rate for a period of one year.
T-Bill
A short-term government debt obligation backed by the Treasury Department of a country with a maturity of less than one year.
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