Term of Day
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in which all
receipts and payments (including
deposits and withdrawals) are recorded first, in chronological
. Cash book is regularly reconciled with the bank statements as an internal auditing
. In larger firms, it is commonly divided into two parts: (1)
Cash disbursement journal
in which all cash payments (such as accounts payable,
purchases) are recorded, and (2)
Cash receipts journal
in which all cash receipts (such as accounts receivable, cash
, sale of assets) are recorded.
letter of credi...
pro forma invoi...
net present val...
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