Examlex
Write the word or phrase that best completes each statement or answers the question.Provide the missing information.
-The function is defined by ــــــــــــprovided that ـــــــــــــــ
Outstanding Checks
Outstanding checks are checks that have been written and recorded in the issuing company's ledger but have not yet been cashed or cleared by the bank.
Deposits In Transit
Refers to money that has been received and recorded by a business but has not yet been recognized by the bank by the end of the accounting period.
Outstanding Checks
Checks that have been written and recorded in a company's financial records but have not yet been cashed or cleared by the bank.
Deposits In Transit
Funds that have been deposited by a company but not yet credited to its bank account.
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