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Cash Overages
Excess of actual cash received over the expected amount, often caused by either errors in transactions or more sales than recorded.
Cash Discounts
Incentives offered by sellers to encourage buyers to pay their bills quickly, usually expressed as a percentage of the invoice amount if paid within a specific period.
Internal Controls
Processes put in place by management to ensure reliability of financial reporting, effective and efficient operations, and compliance with laws and regulations.
Cash Payments
Outflows of cash to settle obligations or purchase goods and services.
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