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During Project Execution,plans Created in Prior Phases Are Put into Action

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During project execution,plans created in prior phases are put into action.


Definitions:

Promissory Note

A financial instrument in which the writer promises in writing to pay a determinate sum of money to the payee under specific terms.

Revenue Journal

A specialized accounting journal used to record all incoming revenues and sales transactions of a company.

Cash Receipts Journal

A dedicated accounting journal used to record all cash inflows or money received by a business.

General Journal

A chronological record of a company's financial transactions.

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