Examlex
Match the terms with the descriptions related to merchandise sales and purchases.
-requires updating of the inventory account at the time of each purchase and each sale
Federal Law
Laws passed by the national legislature of a country, applicable throughout the country.
Dishonored Check
A check that a bank refuses to pay, usually because the account holder does not have enough funds.
Provisional Credit
Temporary credit issued by a bank to an account holder, often while disputes or errors are being resolved.
Dishonor
In finance, the refusal or inability of a drawee of a negotiable instrument to pay the amount due upon presentment.
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