Examlex
The bank statement reveals an EFT payment made to one of the company's suppliers that has not yet been recorded in the ledger.How would this information be included on the bank reconciliation?
Assets
Any resource that a business owns and expects to use to its benefit.
Borrowed Funds
Funds obtained through loans or credit, not from direct earnings or investments.
Leverage
The ability to finance an investment through borrowed funds, increasing both the potential for return and the level of risk.
Investment
The act of allocating resources, usually money, with the expectation of generating an income or profit, encompassing stocks, bonds, real estate, and other assets.
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