Examlex
The principle of minimum chain of command states that an organization should choose a hierarchy with the minimum number of levels of authority necessary to achieve its strategy.
Adjusted Cash Balance
The cash balance recorded in accounting books after considering outstanding checks and deposits in transit, ensuring it matches the actual bank balance.
Check Register
A record book or electronic log used to track checks written, deposits made, and current account balances.
Bank Statement
A document or electronic record issued by a bank summarizing a customer's transactions and current balance over a specific period.
Service Charge
A fee collected for services rendered, typically added to a bill in sectors like banking, hospitality, or dining.
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