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FordTech is a software company whose clients are based in France.The company has formed a team to decide the direction the organization should take over the next five years.The focus of this team is to increase their clientele in Europe.The company is keen on taking advantage of the opportunities and avoiding threats in the changing environment.This team is involved in developing the _____ for the organization.
Petty Cash Fund
A small amount of cash kept on hand for minor or incidental expenses.
Cash Over and Short
An account used in cash management to record discrepancies between actual cash received and expected amounts, indicating either excess cash or a shortage.
Miscellaneous Revenue
Miscellaneous Revenue represents income received by a business from sources not related to its primary operations, such as sales of assets, interest, or one-time events.
Reconcile
The process of ensuring two sets of records (usually the balances of two accounts) are in agreement.
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