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If an apple is hanging from a string and three flies land on it, find the probability that all three are on points that are within the same hemisphere.
Journal Entry
A record in accounting that represents a transaction and its effects on accounts, captured in the general ledger.
Bank Reconciliation
The process of comparing a company's recorded transactions in its ledger to its bank statement, ensuring consistency and accuracy in financial records.
Adjusted Cash Balance
The cash amount reported in financial statements, modified for checks written or deposits in transit that have not yet cleared.
Bank
A financial institution that accepts deposits, offers loans, and provides other financial services.
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