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Douglas MacArthur was relieved of command because of incompetence.
Bank Service Charges
Fees charged by banks for various services such as account maintenance, transactions, or overdrafts, recorded as expenses in accounting.
Journal Entry
A record in accounting that represents a transaction and its effects on accounts, captured in the general ledger.
Bank Reconciliation
The process of comparing a company's recorded transactions in its ledger to its bank statement, ensuring consistency and accuracy in financial records.
Adjusted Cash Balance
The cash amount reported in financial statements, modified for checks written or deposits in transit that have not yet cleared.
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