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Describe the HLOOKUP and VLOOKUP functions.
Cash Refund
An amount paid by the seller to the buyer for merchandise that is defective, is damaged during shipment, or does not meet the buyer’s expectations.
Cash Payments Journal
The special journal in which all cash payments are recorded.
Account Receivable
Money owed to a company by its debtors for goods or services that have been delivered or sold but not yet paid for.
Subsidiary Ledgers
Detailed ledgers that provide a breakdown of individual accounts that are summarized in the general ledger.
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