Examlex
Which of the following is the record holding all the accounts,the changes in those accounts,and their balances?
Checkbook Balance
The total amount of money available in a checking account, as recorded in the checkbook register after accounting for all deposits, checks, and adjustments.
Outstanding Deposits
Deposits that have been made to an account but not yet processed or recorded by the bank.
Outstanding Checks
Checks that have been issued and recorded in the issuer's ledger but have not yet been cashed or cleared by the bank.
Reconciled Balance
The balance amount after accounting adjustments have been made to reflect true financial position.
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