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Greg and Bill Work for the Same Company, in the Same

question 54

Multiple Choice

Greg and Bill work for the same company, in the same position. They actually share an office, since Greg works primarily mornings and weekends and Bill works in the afternoons. Greg and Bill's situation is an example of __________.


Definitions:

Check Register

A record maintained by account holders to track checks written, deposits made, and current balances.

Deposit

A sum of money placed into an account or given to another party as a part of a financial transaction.

Check Register

A check register, also known as a cash disbursements journal, is used to keep track of financial transactions, specifically outflows, associated with a bank account.

Cash Balance

The amount of cash a company or individual has available after all transactions have been accounted for.

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