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A classic example of _____ is when a medical instrument is left inside a patient after surgery.
Uncollected Ratio
Indicates the proportion of receivables that a company has not yet received payment for, typically represented as a percentage of total receivables.
Petty Cash Fund
A small amount of cash on hand used for paying minor expenses to avoid writing checks for small amounts.
Journal Entry
A record in accounting that represents a transaction where at least two account balances are affected.
Cash Overage
A situation where the amount of cash on hand is greater than the expected amount, often due to errors in cash management or recording.
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