Examlex
What is a possible risk of arising from the fortification of foods in Canada?
EFT
Electronic Funds Transfer, a system that moves money between accounts electronically.
Bank Reconciliation Process
The act of matching the balances in a company's financial records for a cash account to the corresponding information on a bank statement.
Outstanding Checks
Outstanding checks are checks that have been written and recorded in the issuing company's ledger but have not yet been cashed or cleared by the bank.
Deposits In Transit
Refers to money that has been received and recorded by a business but has not yet been recognized by the bank by the end of the accounting period.
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