Examlex
What is responsibility accounting? Compare and contrast financial-based responsibility accounting with activity-based responsibility accounting.
Advantages
Advantages are beneficial aspects or competitive edges that a business or entity has over others in its field or market.
Disadvantages
The unfavorable conditions or attributes that lead to a decrease in effectiveness, efficiency, or benefit.
Trust Receipt
A notice provided by the bank to a buyer who has taken out a short-term loan to purchase goods, with the bank holding the title to those goods until the loan is repaid.
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