Briefly Discuss the Six Steps in the Allocation Process

question 43

Essay

Briefly discuss the six steps in the allocation process.

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Definitions:

Numerical

Relating to numbers, or expressed or represented by numbers.

Written Amounts

Quantitative figures or values that are documented or recorded in written form, especially in financial transactions.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a designated person.

Payable

An amount of money that is owed and should be paid.