Examlex
The days' sales in inventory is calculated by dividing ending inventory by cost of goods sold and multiplying the result by 365.
Forged Check
A check that has been illegally modified or fabricated entirety by someone other than the account holder, intended to deceive and facilitate unauthorized transactions.
Liable
Legally responsible or answerable for an action or event, potentially subject to legal obligations or compensations.
Certificate of Deposit
A savings certificate with a fixed maturity date and specified fixed interest rate, often issued by banks.
Promissory Note
A financial document in which one party (the maker) promises to pay another party (the bearer) a definite sum of money, either on a specific date or upon demand.
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