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Purchases Credit
A transaction type where goods or services are bought on account, with payment to be made at a future date, usually within an agreed period.
Voucher System
A method of accounting in which each transaction is documented with a voucher, ensuring that every payment is authorized and accounted for properly.
Correct Order
The proper or desired sequencing of elements, items, or processes according to rules or guidelines.
Recording
The process of entering financial transactions into the accounting records of a business.
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