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Figure 1.1
Identify the levels of organization in the figure above.
-Label A: ______________________________
Writing Checks
The process of completing and signing a check as a means of making a payment from a bank account.
Additional Checks
Extra verification processes or controls implemented to ensure accuracy, compliance, or security.
Deposit
Money placed in a bank account or to secure a purchase until the transaction is completed.
Adjusted Cash Balance
The cash balance reported in a company's financial statements after adjustments have been made for checks written, deposits in transit, and other discrepancies.