Examlex
A person has notice of a fact if the person has reason to know it exists from all of the facts known to the person at the time in question.
Journal Entries
A method used to enter an accounting transaction into the general journal, documenting the debit and credit effects on specific accounts.
Cash Sales
Sales transactions where payment is received from the buyer immediately at the time of the sale, typically in cash or equivalent.
Deposits In Transit
Funds that have been deposited by a company but have not yet been recorded by the bank.
Bank Debit Memo
A notice from a bank reducing a customer's account balance due to charges like fees or corrections.
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