Examlex
It is often better to use the __________, instead of the __________, to measure household income because it is a more stable calculation that is influenced less by outliers.
Bank Reconciliation
A process that explains the difference between the bank balance shown in a company's bank statement and its financial records.
NSF Check
A check that cannot be processed due to insufficient funds in the account it is drawn on, commonly known as a bounced check.
Outstanding Checks
Checks that have been written and recorded in financial accounts but have not yet been cashed or cleared by the bank.
Bank Reconciliation
A process that explains the difference between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time.
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