Examlex
In the process of hemoglobin recycling, each heme molecule is stripped of its iron and converted to which pigmented organic compound?
Deposit In Transit
Money that has been received and recorded by a company but has not yet been reflected in the bank's records.
NSF Check
A check that cannot be honored because the account on which it is drawn lacks sufficient funds, standing for "non-sufficient funds."
Outstanding Checks
Checks that have been issued and recorded in accounting records but have not yet been cashed or cleared by the bank.
Bank Reconciliation
Aligning the cash account figures in a business's financial records with the relevant details found in a bank statement.
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