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Factor.
Voucher System
A control mechanism in accounting to ensure that every payment is properly authorized and recorded.
Liability
A company’s legal financial debts or obligations that arise during the course of business operations.
Cash Payment
A transaction where payment for goods or services is made immediately using cash or a cash equivalent, as opposed to credit.
Depositor's Bank Account
A bank account held by an individual or entity, reflecting the current balance of their deposited funds.
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