By maintaining this journal, companies can simply reconcile their money accounts and determine discrepancies. Regularly reviewing the cash receipts journal also can assist in analyzing sales developments and customer cost behaviors. Total, it’s a vital device for maintaining financial accuracy…

This continues automatically until an acknowledgement is received, or Suspense Account the maximum number of re-sends occur. The timeout is a predetermined period of time that the sending device will wait to get some form of acknowledgement for the data…