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What is the difference between an invoice and a voucher

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Reference no: EM133132651

Question - Please explain the fallowing questions

Q1. Explain the different credit terms that can be provided, and explain what an early payment discount is?

Q2. Explain the purpose on conducting an aged - analysis of accounts receivable. How could you follow up an outstanding account?

Q3. What is the difference between an invoice and a voucher?

Q4. Explain the bank reconciliation process and why it is essential part of maintaining accurate financial records?

Q5. What is the difference between accounts payable and accounts receivable?

Reference no: EM133132651

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