Examlex
Under ___________________ a factor pays the firm for its receivables before the account due date.
Posting
The process of recording financial transactions in the accounting books, such as a ledger or journal.
Source Documents
Original records that contain the details necessary to support the transactions entered in an accounting system, such as invoices, receipts, or contracts.
Ledger
A ledger is a comprehensive collection of a company's financial transactions, organized by account, during an accounting period.
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