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A SIMO Chart Includes

question 112

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A SIMO chart includes:


Definitions:

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

Cash Receipts Journal

A ledger where all cash inflows or receipts are recorded, usually including sales, loan proceeds, and interest income.

Cash Payments Journal

An accounting ledger that records all cash outflows or payments made by a business.

Free On Board

Free On Board (FOB) is a term used in international trade that indicates whether the seller or the buyer is liable for goods that are damaged or destroyed during shipping.

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