Examlex
Explain the benefits and risks associated with enterprise resource planning systems.
Deposits In Transit
Funds that have been transferred or deposited by a company but not yet reflected in the bank's records.
Notes Collected
Notes collected refer to the process of receiving payment or settling the amount due on promissory notes that a company holds, impacting its cash flow.
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure consistency and accuracy.
Deposit In Transit
Funds that have been received and recorded by a company but not yet reflected in the bank's records.
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