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05:00 Mar 11, 2002
English to German translations [PRO] Bus/Financial
English term or phrase:payment clearing
This account stores the data pertaining to all cheques received on the sale other than thru point of sale terminal. On the receipt of the cheque , this account is debited and customer account is credited. On the clearance of the cheque, the bank account is debited with the proceeds of the Cheques and this account is credited.
Thsi is a subset of the Clearing account