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What is an endorsement?
Cash
Liquid currency held by a business for transactions, operational expenses, and other immediate needs.
Journal Entries
The recording of financial transactions in a company's ledger, detailing the accounts affected and the amounts debited or credited.
Authorized
Refers to the official approval or permission for something, often used in the context of authorized shares in a corporation.
Outstanding
Describes something that is currently due or has not been settled or resolved, often referring to payments or checks.
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