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  2. Business letter - Wikipedia

    en.wikipedia.org/wiki/Business_letter

    A business letter is a letter from one company to another, or such organizations and their customers, clients, or other external parties. The overall style of letter depends on the relationship between the parties concerned. Business letters can have many types of content, for example to request direct information or action from another party ...

  3. Proof of funds - Wikipedia

    en.wikipedia.org/wiki/Proof_of_Funds

    Proof of funds. A proof of funds ( POF) is a document such as a bank statement proving that a person or a company has the financial ability to perform a transaction or meet a potential future liability. The POF can be issued by a bank, a financial institution or a trade finance provider. For instance, a POF is generally obligatory for people ...

  4. Bank statement - Wikipedia

    en.wikipedia.org/wiki/Bank_statement

    Example of a checking account statement for a fictional bank. A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. Such statements are prepared by the financial institution, are numbered and indicate the period covered ...

  5. What is a bank reconciliation statement? - AOL

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

    A bank reconciliation statement is a document prepared by a company that shows its recorded bank account balance matches the balance the bank lists. This statement includes all transactions, such ...

  6. BAI (file format) - Wikipedia

    en.wikipedia.org/wiki/BAI_(file_format)

    BAI, or the BAI file format, is a file format for performing electronic cash management balance reporting. The BAI format was developed and previously maintained by the Bank Administration Institute (BAI). [ 1] One common application of the BAI format is for use by banks to transmit returned item data to customers (for example, checks which ...

  7. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    e. Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. [ 1][ 2] Each transaction transfers value from credited ...

  8. Balance sheet - Wikipedia

    en.wikipedia.org/wiki/Balance_sheet

    A balance sheet is often described as a "snapshot of a company's financial condition". [ 1] It is the summary of each and every financial statement of an organization . Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. [ 2]

  9. Bank statement loan: What is it and who should get one? - AOL

    www.aol.com/finance/bank-statement-loan-one...

    Key takeaways. A bank statement loan allows you to qualify for a mortgage using bank statements rather than tax returns. It’s most often used by self-employed borrowers. Not all mortgage lenders ...

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