Examlex
Which of the following is not part of the recording process?
Promissory Note
A written promise to pay a specified sum of money to another party under agreed terms at a specified time.
Bill of Exchange
A written, unconditional order by one party, directing another party to pay a specific sum of money to a third party on demand or at a set time.
Vertical Merger
The combination of two or more companies that operate at different levels within the same industry's supply chain.
Horizontal Merger
A merger between companies operating at the same level in an industry or supply chain, often aimed at reducing competition or achieving economies of scale.
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