Examlex
What is a Request for Comment (RFC)?
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement.
Cash Sales
Transactions in which a customer pays for goods or services at the point of sale with cash, resulting in immediate revenue for the seller.
Cash Receipts Journal
The special journal in which all cash receipts are recorded.
Compensating Balance
A minimum account balance that a company must maintain as part of an agreement with a lender, often to secure a loan or line of credit.
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