Examlex
Identify and state the historical significance of the following:
-Sigmund Freud
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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