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Differentiate between the terms 'purpose','direction' and 'mission'.
Trade Receivables
The total amount of money owed to a company by its customers for goods or services delivered on credit.
Dishonored Note
A promissory note that has not been paid by its maker or endorser at the time of maturity.
Selling Receivables
The process of selling a company's accounts receivable to a third party to improve liquidity and reduce the risk of uncollectible debts.
Voucher System
A control mechanism in accounting that requires all company expenditures to be documented with vouchers, supporting the authenticity of transactions.
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