ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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RECONCILIATION Definition
RECONCILIATION is the adjusting of the difference between two items (e.g., balances, amounts, statements, or accounts) so that the figures are in agreement. Often the reasons for the differences must be explained. One example would be reconciling a checking account (bringing the checking ledger and bank balance statement into agreement).
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DISCOUNT is a decrease in value (often due to interest to be earned) or decrease in price.
LODGEMENT, in law, is bringing a legal charge or accusation against someone.
