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A salesperson who processes routine orders or reorders for products that were already sold by the company is referred to as
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.
Bank Statement
A monthly report from a bank that shows deposits recorded, checks cleared, other debits and credits, and a running bank balance. This same information is available on a daily basis from the bank’s online banking site.
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