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Adjusted Balance
The ending balance of an account after adjustments have been made for transactions, charges, or credits.
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure accuracy and consistency.
Internal Control
Policies and procedures implemented by a firm to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Bank Reconciliation
The process of verifying and reconciling the balance of a bank account with the corresponding financial records of a company or individual.
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