Examlex
The accounting process relies only on the use of technical tools and does not require human intervention and interpretation.
Cash Surplus
The amount of cash that exceeds the cash needs of a company, indicating a positive financial state with excess liquidity.
Major Expenditure
A significant financial outlay, often relating to the purchase of fixed assets, long-term investments, or other large-scale business expenses.
Lockbox Arrangement
A service provided by banks to process payments quickly by having checks sent to a special post office box.
Customer Base
The customer base refers to the group of consumers who repeatedly purchase the goods or services of a business.
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