Examlex
Which of the following is true of clan control?
Deposits In Transit
Funds that have been deposited by a company but have not yet been recorded by the bank.
Bank Debit Memo
A notice from a bank reducing a customer's account balance due to charges like fees or corrections.
NSF Check
A check that cannot be processed due to insufficient funds in the account it's drawn on.
Petty Cash Fund
A small amount of cash kept on hand for minor, incidental expenses of a business.
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