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________ Offers ERP Software Particularly for Businesses in Construction and Real

question 12

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________ offers ERP software particularly for businesses in construction and real estate,and for non-profit organisations.


Definitions:

Reversing Entry

A reversing entry is an accounting method used to reverse or cancel out adjusting entries made in the previous accounting period, simplifying the recording of future transactions.

Interest Accrued

The amount of interest that has been earned but not yet paid or received, up to a specific date, representing a company’s liability or asset depending on the context.

Discounting Note

A financial practice where a note or bill is sold to a third party before its maturity date for less than its face value, allowing the seller to access funds earlier.

Discounted Note

A promissory note sold for less than its face value, which will be worth its full value upon maturity; used as a form of short-term financing.

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