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A firm wrote a check for $282 but the bank deducted $228 from the firm's account for the check. On a bank reconciliation statement this error would be shown as:
Electronic Form
Information or documents created, stored, and transmitted in a digital format, accessible through electronic devices.
Contracts Valid
Agreements between parties that meet all legal requirements to be enforceable.
Collateral Promise
An ancillary agreement to answer for the debt or obligation of another person if that person fails to meet their obligation.
Principal Debtor's Debt
The main amount of money that a debtor is obligated to pay back, excluding interest or additional fees.
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