To What Does the Term "Check-Off Provision" Refer

question 87

Essay

To what does the term "check-off provision" refer?

---

Definitions:

Reconciled Cash Balance

The balance of cash on hand after adjustments have been made for receipts, payments, errors, and discrepancies during a specific period.

Check Stub

A portion of a check that is retained as a record, detailing the amount, date, and other relevant information about the transaction.

Balance Brought Forward

The opening balance of an account that is carried over from the end of a previous period.

Check Amount

Check Amount refers to the specific monetary value written and payable on a check, representing the total to be transferred from the account of the drawer to the payee.