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The bubonic plague that killed 25 million people is also known as the
Accounting System
A systematic process of recording, summarizing, and reporting financial transactions of a business to ensure accurate financial statements.
Principles and Phases
Fundamental norms, rules, or values that guide business operations and decision-making, and the distinct stages through which a business cycle or project progresses.
Accounts Receivable Control
A system or process used to manage and monitor amounts owed to a business by its customers for goods or services provided on credit.
Subsidiary Accounts
Ledger accounts that provide detailed information supporting summary-level entries in the general ledger and control accounts.
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