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Define what cash-traps and cash-leaks are

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Question - Accounting Study Guide Exam review

1) In one paragraph define what accounts payable is and in another paragraph define what accounts receivable is.

2) Define what cash-traps and cash-leaks are and how they are generated from accounts receivable and accounts payable respectively.

3) What are issues that can arise with manual attempts to sync books on the accounting system such as manual transcription of PDFs, email, and paper?

Reference no: EM133054083

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