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Lynn married Philip after a short whirlwind romance. She had found Philip to be charming and a smooth-talker. Several months into the marriage, she began to realize that Philip had taken all the money from her savings accounts, had pawned some of her jewelry, and had run up huge bills on her credit cards. Philip had also been lying all along about working at the business where Lynn had been dropping him off each morning. Worse yet, when Philip was confronted, he just laughed at Lynn. Philip would be diagnosed with which personality disorder?
Bank Reconciliation
The process of comparing and adjusting a company's recorded balances to match the bank's figures, identifying any discrepancies.
Adjusting Journal Entries
Journal entries made at the end of an accounting period to allocate income and expenditures to the correct period.
NSF Check
A check that is not honored by the bank due to insufficient funds in the account to cover the amount written on the check.
Bank Reconciliation
The method of aligning and scrutinizing numbers from financial records with those presented in a bank statement to verify their consistency.
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