Your firm maintains a banking relationship with a local bank. When your firm writes cheques on its account, there is an immediate decrease in the firm's ___________ balance, but no decrease in its ____________ balance until the cheque is presented to a bank for payment.

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The Answer of Your firm maintains a banking relationship with a local bank. When your firm writes cheques on its account, there is an immediate decrease in the firm's ___________ balance, but no decrease in its ____________ balance until the cheque is presented to a bank for payment.

Your Firm Maintains a Banking Relationship with a Local Bank