Examlex
Most colleges and universities classify revenues by source and expenses by function.
Wage Rate
The amount of money a worker is paid per unit of time (such as an hour) worked.
Accounts Payable
The amount of money that a company owes to its suppliers or vendors for goods and services received but not yet paid for.
Internal Audit
A department within an organization tasked with evaluating and improving the effectiveness of risk management, control, and governance processes.
Approved Vendor List
A list of suppliers that a company has vetted and approved for purchasing specific goods or services.
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