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  2. Bank reconciliation - Wikipedia

    en.wikipedia.org/wiki/Bank_reconciliation

    In bookkeeping, a bank reconciliation or Bank Reconciliation Statement (BRS) is the process by which the bank account balance in an entity’s books of account is reconciled to the balance reported by the financial institution in the most recent bank statement. Any difference between the two figures needs to be examined and, if appropriate ...

  3. What is a bank reconciliation statement? - AOL

    www.aol.com/finance/bank-reconciliation...

    Bank reconciliation statements can help identify accounting errors, discrepancies and fraud. For instance, if the company’s records indicate a payment was collected and deposited, ...

  4. CLABE - Wikipedia

    en.wikipedia.org/wiki/CLABE

    The CLABE (Clave Bancaria Estandarizada, Spanish for "standardized banking cipher" or "standardized bank code") is a banking standard for the numbering of bank accounts in Mexico. This standard is a requirement for the sending and receiving of domestic inter-bank electronic funds transfer since June 1, 2004.

  5. Nostro and vostro accounts - Wikipedia

    en.wikipedia.org/wiki/Nostro_and_vostro_accounts

    A vostro is our account of other bank / "Foreign Bank's" money, held by us (by your country's bank) A vostro account is a record of money held by a bank or owed to a bank by a third party (an individual, company or bank). The nostro account is a way of keeping track of how much of the bank’s money is being held by the other bank. This is ...

  6. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    A decrease to the bank's liability account is a debit. From the bank's point of view, when a credit card is used to pay a merchant, the payment causes an increase in the amount of money the bank is owed by the cardholder. From the bank's point of view, your credit card account is the bank's asset. An increase to the bank's asset account is a debit.

  7. Should You Hold Most of Your Wealth in Stocks or Homes? One ...

    www.aol.com/finance/hold-most-wealth-stocks...

    In other words, the wealthiest folks in America hold much more of their assets in financial instruments such as stocks, bank accounts, and pensions. Those in the lowest wealth group hold nearly ...

  8. Reconciliation (accounting) - Wikipedia

    en.wikipedia.org/wiki/Reconciliation_(Accounting)

    In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a general practice for businesses to create their balance sheet at the end of the financial year as it denotes the state of finances for that period.

  9. In my opinion, Machu Picchu should be on everyone's bucket list. The 15th-century archaeological site can be accessed by train, bus, or a multi-day trek along the Inca Trail. My husband and I took ...