Examlex
Divide and express the result in standard form.
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Credit Memorandum
A document issued by a seller to acknowledge a reduction in the amount that a buyer owes, often due to a return or refund.
Cash Account
An account reflecting the amount of cash available, including all receipts and payments of cash.
Bank Statement
A report sent by a bank to a customer indicating the previous balance, ATM transactions, nonsufficient funds, individual checks processed, individual deposits received, service charges, and ending bank balance.
Outstanding Checks
Checks written by a company or person that were not received or not processed by the bank before the preparation of the bank statement.
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