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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

CHECKING ACCOUNT TERMS Match the following words with their definitions:

images

To determine

Match the following words with their definitions.

Explanation

Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own records from its perspective. Bank reconciliation is the statement prepared by company to remove the differences and disagreement between cash balance per bank and cash balance per books.

No.DefinitionsAccounting Terms
1An endorsement where the payee simply signson the back of the checkc. Blank endorsement
2An endorsement that contains words like“For Deposit Only” together with the signaturee...

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