Examlex
Firms that receive a large volume of checks use the following to speed up availability of funds:
Total Assets
The sum of all assets owned by a company, reflected on the balance sheet, representing both current and non-current assets.
Cash Payment
The act of settling a debt or transaction by transferring money to another party.
Cash Account
A financial account that records cash transactions including receipts and payments.
Credit
A financial record that raises a liability or equity account, or reduces an asset or expenditure account.
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