Examlex
What is the common name for the following compound?
Bank Reconciliation
The process of verifying and reconciling the balance of a bank account with the corresponding financial records of a company or individual.
Internal Controls
Processes put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
NSF Check
A check that cannot be processed due to insufficient funds in the account it's drawn against; stands for "Non-Sufficient Funds."
Bank Reconciliation
A bank reconciliation is a process that explains the difference between the bank balance shown in an organization's bank statement and the corresponding amount shown in the organization's own accounting records.
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