Examlex
Creditors can agree with a debtor to discharge the debtor's debts on payment of a sum less than that owed.
Computerized Accounting System
An accounting information system that processes financial transactions and events as per GAAP (Generally Accepted Accounting Principles) using computer software.
Systems Design
The process of defining the architecture, components, interfaces, and data for a system to satisfy specified requirements.
Income Statement
A financial report that shows a company's revenues, expenses, and profits over a specific accounting period.
E-Commerce
The use of the Internet for performing business transactions.
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