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Describe centralization and decentralization,delegation,and authority as the key ingredients in establishing the decision-making hierarchy.
Purchases Journal
A financial record keeping system that tracks all purchases of merchandise, supplies, or other assets on credit.
Cash Payments Journal
A cash payments journal is a financial journal that records all cash outflows or payments made by a business.
Special Journal
A type of accounting journal dedicated to recording specific types of transactions, such as sales or purchases, to increase efficiency.
Purchases Journal
A specialized accounting journal used to record all purchases of goods and services on credit.
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