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Discuss the three major responsibilities of the Equal Employment Opportunity Commission.
Checks Presented
Refers to the cheques that have been submitted for payment by the payee to the bank but have not yet been cleared.
Checks Written
The act of creating checks as payments for expenses, purchases, or obligations by a business or individual.
Bank Reconciliation
The process of matching and comparing figures from banking statements with those in a company’s financial records to ensure accuracy.
Outstanding Checks
Outstanding checks refer to checks that have been written and recorded in the issuing entity's financial records but have not yet been cashed or cleared by the bank.
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