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The distance to the Andromeda Galaxy is estimated at about 2 * 106 light years. A light year is the distance traveled by light in one year; if the speed of light is 3 * 108 m/s, about how far is it from our galaxy to Andromeda? (1 year = 3.15 *107 s)
Voucher Prepared
involves the creation of a document that authorizes a financial transaction and substantiates the details of that transaction.
Periodic System
An inventory system where updates to inventory levels are made periodically, as opposed to continuously.
Voucher Systems
A control and documentation system used in accounting to process and monitor transactions.
Net Method
An accounting method where discounts for early payment are assumed to be taken and sales or purchases are recorded at their net of discount values.
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