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Match the Person or Term with the with the Correct

question 90

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Match the person or term with the with the correct description.
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Definitions:

Bank Statement Adjustment

The process of modifying the balance shown in a bank statement to match the adjusted balance in the ledger accounts, usually due to timing differences in recording transactions.

Company Books Adjustment

The process of making changes to the financial records to correct errors or update accounting information.

Deposit In Transit

A banking term that refers to checks or other forms of payment that have been received and recorded by a company, but not yet processed or credited by the bank.

Bank Statement Adjustment

Corrections made to a bank account balance to reflect transactions, fees, or errors not previously recorded in the company's books.

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