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What is denitrification?
Outstanding Checks
Checks that are recorded in the financial records but haven't been cashed or processed by the bank yet.
Adjusting Entry
A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure they are consistent and accurate.
Outstanding Checks
Checks that have been written and recorded in a checking account's ledger but have not yet been cleared or deducted from the bank's balance.
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