Examlex
List the steps in processing transactions.
Capital Investment
Funds spent by a company to acquire or upgrade physical assets, such as property, industrial buildings, or equipment, to improve its business capacity or efficiency.
Partnership Creditors
Individuals or entities to whom a partnership owes money or has some form of legal financial obligation.
Pro Rata
In proportion; according to the calculated share or division.
Apparent Authority
A situation in which a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority.
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