Examlex
Which of the following is not an advantage of decentralization?
Note Settlement
The process of satisfying the obligations of a promissory note, typically involving the repayment of the principal and accrued interest.
Past Due Account
An account that has not been paid by the deadline, resulting in overdue payments.
Accounting Equation
The fundamental formula in accounting that represents the relationship between assets, liabilities, and equity: Assets = Liabilities + Equity.
Voucher System
A set of procedures that uses vouchers for authorizing and recording liabilities and cash payments.
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