Examlex
Which of the following descriptions of Athenian leaders is incorrect?
Journal Entries
Records of financial transactions in the accounting system, where each transaction requires a debit and a credit.
Understated
Describes an item that is reported at a figure less than the actual amount.
Bank Reconciliation
Aligning an organization's bookkeeping figures for a cash account with the related details found on a bank statement.
Checkbook Balance
The balance of a checking account according to the checkbook's records, not necessarily the same as the bank statement balance.
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