Examlex
Find the rules for the composite functions and
Cash
Liquid assets that a company or individual has available for transactions.
Bank Reconciliation
The process of ensuring that a company’s bank account balance matches its financial records, identifying discrepancies and making adjustments as necessary.
Internal Controls
Systems and steps a corporation takes to verify the accuracy of financial and accounting reports, encourage responsible behavior, and stop dishonest practices.
Journal
A record where all financial transactions are entered in chronological order, serving as the initial place of recording.
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