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Barry's Software Development Team Barry was assigned recently to a large team working on a major software release that was taking longer than expected.Barry and the other latecomers into the project spent a month partnered with a senior programmer who went over the project in detail with them and got them up to speed.Unfortunately, this training put the project even farther behind schedule.After a few months of working on the project with so many other programmers, Barry's work output becomes noticeably lower than it was before when he was working independently.The loss of work time on the project because of the training is known as:
Bank Reconciliations
The process of matching and balancing figures in accounting records with those presented in a bank statement to ensure they are in agreement and accurate.
Outstanding Checks
Checks that have been written and recorded in the accounting books but have not yet been cashed or cleared by the bank.
Non-Sufficient Funds
A situation where a bank account does not have enough money to cover a transaction, resulting in a failed payment.
Outstanding Checks
Checks that have been issued by a company but have not yet been cashed or cleared by the bank upon which they are drawn.
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