Examlex
Relative to ERP, MEG is:
Outstanding Checks
Outstanding checks refer to checks that have been written and recorded in the paying account but have not yet been cashed or cleared by the bank.
Bank Statement Adjustment
The act of reconciling the bank statement balance with the book balance by accounting for items that cause discrepancies between the two.
Company Books Adjustment
Modifications made to accounting records, such as correcting errors or updating entries based on new information, to ensure accuracy and compliance.
Bank Service Charge
Fees charged by a bank for the use of its services, such as account maintenance, wire transfers, and overdraft fees.
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