Key Terms Instructions: Please Define the Following Key Terms. Show Who

question 40

Essay

Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Committee of Public Safety

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Definitions:

Bank Account Reconciling

The process of comparing and matching figures from the accounting records against those presented on a bank statement to ensure they are in agreement and accurate.

Adjusted Balance

The result of adjusting the balance of an account to reflect any debits or credits that have been posted to the account.

Reconciling Information

The process of ensuring that two sets of records or accounts are in agreement, often involving identifying and explaining any discrepancies.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure consistency.