ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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NPPE Definition

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NPPE is Net Property, Plant and Equipment.

 

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PAYMENT ON ACCOUNT see ON ACCOUNT.

SEGREGATION OF DUTIES means assigning different people the responsibilities of authorizing transactions, recording transactions, and maintaining custody of assets. Segregation of duties reduces the opportunities for one person to both perpetrate and conceal errors or fraud.


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