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Accounting Information System
An Accounting Information System is a structured framework used to collect, store, manage, process, retrieve, and report financial data.
Cost Effective
This term refers to an approach or solution that provides the best possible outcome or value for the money spent, often used in evaluating projects or investments.
Cash Receipts Journal
A special journal that records all cash received.
Subsidiary Ledger
A detailed ledger that contains the breakdown of individual accounts, which supports the balances shown in the general ledger.
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