Examlex
IBM, Microsoft, Novell, RedHat, Sun, and others offer certifications that test knowledge of what?
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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