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Nantucket,Inc.uses a standard cost system in which direct material is carried at standard cost.Standards for one
Company Books Adjustment
Modifications made to the accounting records to correct errors or update the accounts as required.
NSF Check
A check that cannot be processed due to insufficient funds in the account on which it was drawn, often resulting in a fee.
Bank Statement Adjustment
The process of modifying the balance shown on a bank statement to reflect transactions or corrections not yet recorded by the bank.
Company Books Adjustment
Modifications made to the accounting records of a company to correct errors or align them with actual financial activity.
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