Figure 7.1
Using Figure 7.1, match the following:
-Includes the atlas and the axis.
Definitions:
Cash Over and Short
An account that records the discrepancies between the expected cash count and the actual amount of cash received or paid out, indicating errors or theft.
Outstanding Checks
Checks that have been written and recorded in the checking account but have not yet been cashed or cleared by the bank.
Payee
The side in a financial exchange that is given the payment.
Bank
A financial institution licensed to receive deposits and provide loans, along with offering various other financial services.
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