what does cash clearing in accounting mean?

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what does cash clearing in accounting mean?

2006-09-19 07:21:01 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business

2 answers

This basically means electronic verification of payment and transfer of funds, such as a check ' clearing' the bank.

2006-09-19 07:29:17 · answer #1 · answered by oscarschic 3 · 0⤊ 0⤋

I dont get you question.. can you be more specific..

Maybe yoy made a deposit at an ATM.. and then immediately took cash.. and the bank has not verified your deposit yet..

2006-09-19 14:29:36 · answer #2 · answered by limgrn_maria 4 · 0⤊ 0⤋