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The recent recession eliminated many middle managers giving the remaining managers more employees to supervise.
Negotiable Checks
Checks that can be converted to cash or equivalent by the holder, allowing for easier transactions and liquidity.
Internal Control
Systems and procedures designed to ensure the accuracy and reliability of financial reporting, compliance with laws and regulations, and effective and efficient operations.
Voucher Register
A record of vouchers that have been prepared, authorized, and paid; it serves as a chronological record of business transactions.
Petty Cash
A small amount of cash kept on hand in a business for making everyday, minor expenditures.
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