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Isaac Newton and John Locke
Accounts Payable
Liabilities representing amounts owed by a company to creditors for goods and services received.
Petty Cash Fund
A small amount of cash on hand used for covering minor or incidental expenses within a business.
Petty Cash Receipt
A document used to record small, miscellaneous expenses paid with petty cash funds.
Cash Equivalents
Short-term, highly liquid investments that are easily convertible into a known amount of cash and close to their maturity.
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