Examlex
Which of the following is a closed system?
Interest
The cost of borrowing money or the return on investment, typically expressed as a percentage over a period of time.
Adjusted Cash Balance
The cash amount shown in a company's bank statement, adjusted for deposits in transit, outstanding checks, and bank errors.
Check Register
A personal record book or a digital log used to track checks written, deposits made, and current balance of a checking account.
Bank Statement
A document or electronic file provided by a bank summarizing transactions in an account over a certain period.
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