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A Situational Analysis Is Sometimes Called an Environmental Analysis

question 86

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A situational analysis is sometimes called an environmental analysis.


Definitions:

Purchases Journal

A specialized accounting journal used to record the purchasing of goods and services on credit.

Promissory Note

A financial instrument in which the writer promises in writing to pay a determinate sum of money to the payee under specific terms.

Revenue Journal

A specialized accounting journal used to record all incoming revenues and sales transactions of a company.

Cash Receipts Journal

A dedicated accounting journal used to record all cash inflows or money received by a business.

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