Examlex
For an act to be established as a tort of injurious falsehood, the false statements of fact must be communicated by the defendant to a third person.
Voucher System
A control mechanism in accounting that uses vouchers to record transactions and ensure that every payment is properly authorized.
Net Method
Refers to an accounting practice of recording purchases or sales of inventory after all discounts have been applied, showing the net amount as the transaction value.
Purchases Discount
A deduction from the stated purchase price, often granted to encourage early payment or bulk buying.
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