Please study the 14 vocabulary terms below. Then press the Mark Complete button to continue.
- asset
- a resource in the possession of a company which is available for use
- authorize
- to give permission to happen
- daybooks
- a journal of financial transactions entered on the day that they happened
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The auditors checked the factory to make sure that all the assets listed in the accounts were there.
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All purchases over five thousand dollars must be authorized by accounts payable.
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I hate working with daybooks, it is so much easier to use a computerised accounting system.
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