Examlex
If the sum of the credits to an account exceed the sum of the debits to the account,the account will have a credit balance.
Debit Memo
A document issued by a seller of goods or services to a buyer, reducing the amount the buyer owes under the original invoice.
General Ledger
An exhaustive list of every financial transaction made by a company during its history, categorized by accounts.
Canceled Checks
Checks that have been paid by the bank and voided, serving as proof that payment was made.
Negotiable
Capable of being bought, sold, or transferred to another party through endorsement or delivery.
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