Examlex
The development level in the SLII model is
Cash Payments
Transactions where payment for goods, services, or obligations is made using physical currency or checks instead of digital means.
Collections
The act of receiving payments for bills or accounts receivable, often referring to efforts made to gather overdue payments.
Reconciling Items
Adjustments made to reconcile differences between two sets of records or accounts, often used in the context of comparing bank statements to internal records.
Journal Entry
Journal entry is the method by which financial transactions are recorded in an organization's accounting records, specifying the accounts affected and the direction (debit or credit) of the transaction.
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