Examlex
Explain the four nonroutine cognitive skills that are key to career success today.
Credit Balances
The amounts that appear on the right side of a company's balance sheet accounts, typically indicating that a company has liabilities or has received payments in advance.
Creditors
Individuals or institutions that lend money or extend credit to others, expecting to be repaid.
Deposits In Transit
Deposits made by a company but not yet recorded by its bank, typically due to timing differences.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure consistency.
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