Examlex
PACT stands for position advertising copytesting.
Internal Control Structure
A set of processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Recording Transactions
The systematic process of documenting financial transactions in the accounting records of a business.
Accounting System
The methods and procedures used by a business to collect, classify, summarize, and report financial data for use by management and external users.
Voucher
A document representing an internal intent to make a payment to an external entity, detailing the specifics of the transaction.
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