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Hubbard,Rice and Galvin conclude that the role of the board of directors in the leadership of the organisation is:
Outstanding Deposits
Deposits that have been made to an account but not yet processed or recorded by the bank.
Outstanding Checks
Checks that have been issued and recorded in the issuer's ledger but have not yet been cashed or cleared by the bank.
Reconciled Balance
The balance amount after accounting adjustments have been made to reflect true financial position.
Bank Statement
A document provided by a bank that summarizes an account holder's transactions and balances over a specific period of time.
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