Examlex
Instructions: Identify the following term(s).
assimilation
NSF Check
An NSF check or Non-Sufficient Funds check is a check that cannot be processed due to insufficient funds in the account it's drawn on, leading to a bounced check.
Bank Statement Adjustment
The process of modifying the balance in a company's accounting records for a bank account to match the balance shown on the bank statement, accounting for transactions not yet recorded in the company’s books.
Company Books Adjustment
involves modifying entries in a company's accounting records to correct discrepancies or allocate expenses and revenues to the correct period.
Debit Memos
Notices sent to account holders indicating a decrease in their account balance, typically due to corrections or adjustments for services or goods.
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