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A Delphi group is not used daily because it has disadvantages.Which of the following is NOT its disadvantage?
Adjusted Cash Balance
The cash balance resulting after certain adjustments are made, such as for outstanding checks or deposits in transit.
Check Register
A record book or ledger that tracks all checks written, deposits made, and current balance of a checking account, aiding in personal financial management.
Bank Statement
A document provided by a bank that summarizes an account's transactions and balances over a specified period.
Outstanding Checks
Checks that have been written and recorded in accounting but not yet cleared or cashed by the bank.
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