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Which of the following is NOT true about the conclusions for procedures?
Bank Service Charge
Fees charged by a bank for account services, such as account maintenance, transactions, and other banking services.
Outstanding Checks
Checks that have been issued and recorded in the account ledger but have not yet been cashed or cleared by the bank.
Checks Cleared
A term indicating that checks issued have been presented and successfully processed by a bank, deducting the amount from the payer's account.
Checks Written
Refers to checks that a company or individual has written and issued but which have not yet been cashed or cleared through the banking system.
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