Unit 8: Vocabulary

Please study the 15 vocabulary below and press the 'Mark Complete' button.
UK
US
bank reconciliation
the process of comparing the actual state of the bank account with the bank nominal code in the accounts
UK
US
After James had finished the bank reconciliation, it became clear the company had a major cash flow problem.
UK
US
cash in hand
the amount of liquid equity held by an entity at a certain point of time
UK
US
The accounts showed a large profit for the year, but as the company had spent a lot on new assets there was a lack of cash in hand.
UK
US
cross-check
verify by comparing two sets of data
UK
US
Each month the accounts supervisor cross-checks the records which were posted against the nominal code assigned.

SORRY, BUT YOUR FREE VIEWS HAVE RUN OUT!

We allow 10 free premium page views per month.

Create a free account to continue or login

You may have noticed that this site is NOT like the others. It is free from advertising, spyware, and annoying spam. Therefore we rely 100% on our users for financial support. Otherwise we could not provide this service. Your support begins with a free registration. Thank you.

Not convinced? Read more in our blog, our info page, or visit our featured users pages.