Examlex
The completeness assertion concerns whether recorded transactions included in the financial statements actually occurred.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they align.
Balance Per Books
The ending balance on a company's financial records for a specific account, before any adjustments for reconciliation.
Notes Collected
The process of receiving payment on promissory notes, which are written promises to pay a specific sum of money.
Accounts Payable
Short-term liabilities of a business which are owed to suppliers for goods and services purchased on credit.
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