Examlex
In addition or subtraction,the result carries the same number of decimal places as the quantity carrying the fewest decimal places.
Bank Reconciliation
The process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement.
Cash Account
An account that tracks the amount of cash on hand, including currency, checks, and balances in bank accounts.
Accounts Receivable
Debts owed by clients to a firm for goods or services provided but not yet compensated for.
Sales Revenue
The overall amount of money a business earns through the sale of products or services, prior to deducting any costs.
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