Examlex
What are some ways to avoid spreading fake news?
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure consistency.
Subsidiary Ledger
A detailed ledger that contains all the transaction details of a specific account, which then summarizes into a general ledger.
Internal Control
The procedures and measures implemented by a company to safeguard assets, ensure accuracy in financial reporting, and comply with laws and regulations.
Cash Receipts Procedure
A set of steps followed by a business to track and document the inflow of cash from transactions.
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