Examlex
________ refers to the reduction in economic surplus resulting from not being in competitive equilibrium.
Deposits in Transit
Funds that have been sent to a bank but have not yet been recorded in the bank's records and thus do not appear in the bank balance.
Book Balance
The balance of an account according to the accounting records, not necessarily reflecting the available cash or cleared funds.
Bank Balance
The total amount of funds available in a bank account at a given moment, including all deposits and subtracting any withdrawals.
Outstanding Checks
Checks that have been written and recorded in the accounting books but have not yet been cashed or cleared by the bank.
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