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What is natural selection?
Another Company's Check
A form of payment issued by one company to another for goods or services rendered.
Electronic Funds Transfer
A system that allows the transfer of money between accounts via electronic signals, eliminating the need for physical checks.
Deposits In Transit
Funds that have been received and recorded by a business, but not yet processed or recorded by the bank.
Timing Difference
Differences between when transactions affect the book balances and bank balances, often seen in accounting reconciliations.
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