ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BATCHING, in accounting, is the gathering and organizing of incoming invoices prior to processing.
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REVENUE ANTICIPATION NOTE (RAN) is a note sold by municipalities as a temporary financing pending the arrival of certain revenues, which are then used to payoff the note. Usually the income on these notes is exempt from federal income taxes.
AGENCY COSTS is the incremental costs of having an Agent make decisions for a principal.