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Which of the following is a direct benefit from the adoption of NAFTA?
Cash Disbursements
Outflows of cash for expenses, payments to creditors, or investments, usually tracked in a cash disbursements journal in accounting.
Payments
Payments refer to the transfer of money from one party to another, often as compensation for goods or services.
Petty Cash Fund
A small amount of cash kept on hand within a business for minor and immediate expenses.
Internal Control
Initiatives and standards implemented by a firm to assure the correctness of financial and accountancy details, encourage integrity, and obstruct fraudulent activities.
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