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Describe the influence of Daoism and Confucianism in the West.
Cash Over and Short
An account that reports the discrepancies between the physical count of cash and the recorded amounts in a business's financial records.
Internal Control Procedures
Systems and policies put in place by a company to ensure the accuracy and integrity of financial and accounting information, prevent fraud, and comply with laws.
Cash Receipts
Money received by a business during a set accounting period, including revenue from sales, interest, dividends, and other cash inflows.
Voucher System
A control mechanism in accounting to ensure all business transactions are properly authorized and recorded.
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