Examlex
A critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented, with the purpose of identifying all the reasons that might make the preferred alternative unacceptable, is
Receivables
Amounts owed to a company by its customers for goods or services provided on credit.
Internal Control
Strategies and systems put in place by an organization to maintain the reliability of its financial and accounting data, encourage responsible behavior, and deter deceitful practices.
Invoice Approval
The process of reviewing and verifying invoices from suppliers before payment is made, to ensure that the charges are correct and services or goods were received.
Bonded
Refers to a business or individual that has purchased a surety bond, a type of insurance policy that protects against losses caused by the bonded party.
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