Examlex
Explain the two relations that determine the evolution of output in the long run.
Outstanding Checks
Checks that have been issued and recorded but not yet cashed or cleared by the bank.
Petty Cash Fund
A small amount of cash kept on hand for making minor, immediate purchases or reimbursements in a business.
Reimbursed
The act of compensating someone for an expense they have incurred, often related to their employment or a specific task they have undertaken.
Deposits In Transit
Refers to funds that have been deposited by a company but not yet recorded by the bank, often leading to a discrepancy in the balancing of accounts.
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