Identify the Following Term(s)

question 49

Short Answer

Identify the following term(s).
-Mahabharata

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Definitions:

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement, to ensure accuracy.

Company's Records

Documentation and files maintained by a business for accounting, legal, and operational purposes.

Bank Service Charges

Fees charged by banks for maintaining accounts, processing transactions, and providing other financial services.

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller typically due to a return or a rebate.