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Upward communication usually provides feedback to
Account Payable
Obligations or debts a company owes to suppliers or creditors for goods or services received that have not yet been paid for.
Increases Liabilities
Situations or transactions that result in a rise in the claims against a company’s assets.
Decreases Assets
Refers to any operation or transaction that results in a reduction of the value of assets owned by a business.
Account Receivable
Money owed to a company by customers who have purchased goods or services on credit.
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