Examlex
Which of the following encompasses the other three?
Bank Reconciliation
The process of comparing and matching figures from the accounting records against those presented on a bank statement to ensure they are in agreement.
Disbursements
Cash or fund outflows from a company for expenses, investments, and other financial activities.
EFT
Electronic Funds Transfer, a system of transferring money from one bank account directly to another without any paper money changing hands.
Remittance Advice
A document sent by a customer to a seller, informing the seller that an invoice has been paid, typically accompanying a payment.
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