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By definition, an organization is considered __________ because it is made up of two or more people.
Accounts Payable
Liabilities representing amounts the company owes to suppliers or creditors for goods and services received but not yet paid for.
Vouchers
Documents representing an internal intent to make a payment to an external party, often used in accounts payable processes.
Written Authorizations
Official documents or agreements that grant permission or rights, often used to approve financial transactions or operations.
Gross Method
An accounting practice where purchases are recorded at their full invoice amount without taking deductions for discounts.
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