Examlex
Cash equivalents are included in the calculation of the cash ratio.
Bank Reconciliation
The method of aligning the balance in a company's financial records for a cash account with the relevant details on a bank statement.
Deposits in Transit
Funds that have been received and recorded by a business but not yet processed or acknowledged by the bank.
Allowance Method
An accounting technique used to estimate and account for bad debts where the company anticipates a certain percentage of accounts receivable will be uncollectible.
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