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Accounts
ACCOUNTS

Definition: (plural) (finance) An official record of all the money a company or organization has received or paid.
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* All eleven elements should be in.


1. Purposeful to have official record.

2. Necessary to know receipts and payments.

3. Entries in books are correctly and rightly made.

4. Details and explanations will be complete and full.

5. Recording will be clear, neat and legible, written or typed.

6. Kept in a proper or prescribed format, as required.

7. Can be interpreted by anyone trained or qualified.

8. Endorsed and sealed or stamped. (To emphasize.)

9. Available or accessible for inspection, audit, etc. when needed.

10. Will be balanced and/or closed, transferred and/or submitted at the appropriate time, to the right authority or organ of the company.

11. Records as prepared and presented will serve purpose(s), whatever this/these is/are, without causing a loss for company or organization.
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NOT DOCTORED OR ...

... NOTHING CREATIVE.




Quote: "I don't pay good wages because I have a lot of money. I have a lot of money because I pay good wages". - Robert Bosch.

Quote: "The damage done in one year can sometimes take ten or twenty years to repair". - Chinua Achebe.

Quote: "More people would learn from their mistakes if they weren't so busy denying them". - Harold J. Smith.

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