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Personal expenditures that are deductible as itemized deductions include medical expenses, Federal income taxes, state income taxes, property taxes on a personal residence, mortgage interest, and charitable contributions.
Electronic Cash Registers
Machines or systems used at retail checkout points to calculate and record sales transactions, accept payments, and store cash.
Designated Personnel
Individuals who are specifically chosen or assigned to carry out particular tasks or responsibilities.
Cash Receipts
The actual money received during a given period, including all forms of payment such as cash, checks, and credit card payments.
Establishment Of Responsibility
An accounting principle that ensures specific duties are assigned to individuals to increase accountability and prevent errors and fraud.
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