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Why are foreign exchange markets needed?
Voucher System
An internal control mechanism in accounting that involves the use of vouchers to record transaction details prior to disbursement of funds.
Account Payable
Money owed by a company to its suppliers or creditors for goods or services received, considered a current liability on the balance sheet.
Creditor
An entity (could be a person, organization, government body) to whom money is owed by the debtor for providing a loan, goods, or services on credit.
Bank Memos
Notices from a bank that make adjustments to a company's bank account balance, often for fees, interest payments, or corrections.
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