Examlex
A defensive lockout occurs when an employer refuses to allow employees to work to prevent losses from an expected strike.
Journal Entries
The basic method of recording financial transactions in the accounts of a business using a double-entry bookkeeping system.
Cash Sales
Transactions where payment is made in cash at the time of sale, immediately impacting a company's cash balance.
Deposits In Transit
Funds that have been deposited by a company but not yet recorded by the bank, leading to discrepancies in account balances.
Bank Debit Memo
A notice from a bank that decreases a customer's account balance due to charges like fees for service or for issuing a check without sufficient funds.
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