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Microsoft Word, the word-processing software, was so easy to use and had so many useful features, that no other software could compete with it. Therefore, at the time of its introduction, Microsoft Word could be described as a killer application.
Internal Controls
Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Controls Over Cash
Procedures and practices employed by a company to safeguard its cash and ensure accuracy in its financial transactions.
Postdated Check
A check written with a date in the future, preventing it from being cashed or deposited until that date.
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