Examlex
Which of these is not an acid-forming element?
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.
Bank Statement Balance
The ending account balance in a bank statement, representing the amount of money available in an account at the end of a statement period.
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