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The relatively low correlation between the movement of stock markets in different countries indicates that:
Accounts Payable
Liabilities or amounts owed by a business to its creditors or suppliers for goods and services received.
Subsidiary Ledger
A group of accounts that provide details supporting a general ledger control account.
Supplier
An entity that provides goods or services to another entity, typically within a supply chain.
Control Account
An account in the general ledger used to summarize the details of a subservient ledger.
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