Examlex
Explain the essence of normalization that is implemented through the use of normal forms.
Deductions
Specific amounts subtracted from gross income to reduce the taxable income, including allowances, expenses, and exemptions.
Voucher Register
A journal that records all vouchers once they are approved, which includes amounts to be paid, to whom, and the accounts affected.
Approved Vouchers
Documents that have been verified and authorized for payment because they accurately reflect the goods or services received.
Bank Reconciliation
The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure accuracy.
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