Define the Following Terms

question 13

Essay

Define the following terms:

Identify the reasons for companies going international and the concept of global management.

Understand the basic functionality and terminology of counters in programmable logic controllers (PLCs).

Identify different types of counters (e.g., CTU, CTD) and their operational characteristics.

Understand how counters interact with PLC programming instructions (e.g., RES instruction).

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Definitions:

Voucher Register

A journal that records all vouchers once they are approved, which includes amounts to be paid, to whom, and the accounts affected.

Approved Vouchers

Documents that have been verified and authorized for payment because they accurately reflect the goods or services received.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure accuracy.

Voucher System

A method of internal business control that involves a documented process for making disbursements and controlling expenditures.