Examlex
Tool tabs are also called ____.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure accuracy and consistency.
Outstanding Checks
Checks that have been written and recorded in the paying entity's cash records but have not yet cleared the bank account.
NSF Check
A check that cannot be processed because the account on which it was drawn lacks sufficient funds, standing for Non-Sufficient Funds.
Outstanding Checks
Checks that have been written and recorded in the payer's ledger but have not yet been cashed or processed by the recipient's bank.
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