Examlex
Which of the following statements about air conduction is true?
Bank Deposit
The act of placing money into a banking institution for safekeeping, which can also refer to the money that has been deposited.
Add New Deposits
The act of recording or entering new sums of money placed into a banking account.
Internal Control
Actions and protocols set up by an organization to safeguard the reliability of its financial and accounting data, foster responsibility, and mitigate fraudulent activities.
Bank Reconciliations
The process of comparing and matching the balance of an accounting record (ledger) with the corresponding bank statement, identifying and rectifying any discrepancies.
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