PROOF OF CASH Definition

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PROOF OF CASH is a reconciliation of the general ledger cash balance at both the beginning and end of a period, combined with a reconciliation of cash deposited for the period with the cash receipts journal, and a reconciliation of checks for the period with the cash disbursements journal.

Learn new Accounting Terms

ONE-OFF is a happening that occurs only once and is not repeated, e.g. a one-off sale is a sales event that will occur only once.

CHECK DIGIT is a redundant digit added to a code to check accuracy of other characters in the code.

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