MATERIAL CONTROL SYSTEM Definition

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MATERIAL CONTROL SYSTEM (MCS) is the software program used to control the routing and transfer of material within an automated material handling and control system.

Learn new Accounting Terms

ABNORMAL LOSS see NORMAL LOSS.

NOSTRO ACCOUNT is an account held by a bank in a foreign country in the currency of that country e.g., a German bank with an account in New York will call the record in its own books of its New York account a nostro account.

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