ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COMPOUND INTEREST PRINCIPLE Definition
COMPOUND INTEREST PRINCIPLE is where the interest is computed on principal plus interest earned in previous periods.
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WITHOUT PREJUDICE is to come to agreement without negating the right or ability to take some form of action in the future, e.g. a legal case can be settled without prejudice, allowing for future legal action if desired by one or more of the parties to the settlement.
3-WAY MATCHING is the comparison of relevant voucher, purchase order, and receiver.
