Examlex
With reference to the expectancy theory, when pay is based on factors other than performance, such as seniority, the ________ relationship tends to be weak.
Credit Memorandum
A document issued by a seller to a buyer, reducing the amount the buyer owes the seller under the terms of an earlier invoice.
Segregation Of Duties
An internal control measure that divides responsibilities among multiple employees to reduce risk of fraud or error.
Adjusted Cash Balance
The cash balance reported in the financial statements, adjusted for any outstanding checks and deposits in transit that have not yet been cleared or recorded by the bank.
Deposit In Transit
Refers to money that has been received and recorded by a business but has not yet been recorded by the bank.
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