Examlex
Who is responsible for the freight cost when the terms are FOB destination?
Checks Written
Documents ordering a bank to pay a specific amount from the check writer's account to the person in whose name the check has been issued.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure accuracy and consistency.
Outstanding Checks
Checks that have been written and recorded in the paying entity's cash records but have not yet cleared the bank account.
NSF Check
A check that cannot be processed because the account on which it was drawn lacks sufficient funds, standing for Non-Sufficient Funds.
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