Magnetic Ink Character Recognition

Magnetic Ink Character Recognition (MICR)
Magnetic Ink Character Recognition (MICR) is a technology used to verify the legitimacy and improve the processing of checks and other documents by using ferromagnetic ink, enabling characters to be read and sorted automatically.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.