Examlex
Which internal control procedure is followed when the work of one department acts as a check on the work of another?
Entity
An organization, company, or individual that has a distinct legal existence and can enter into legal contracts or be subject to legal rights and obligations.
Aggregate
Aggregate refers to a total amount or sum formed by combining several separate elements or components.
Limited Partner
A partner who does not take part in the management of a firm and whose liability does not extend beyond his or her investment.
General Partner
A partner who takes an active part in running a partnership and has unlimited liability for the firm’s debts.
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