ACCOUNT AGING Definition

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ACCOUNT AGING usually refers to the methods of tracking past due accounts in accounts receivable based on the dates the charges were incurred. Account aging can also be used in accounts payable, to a lesser degree, to monitor payment history to suppliers. See also AGING OF ACCOUNTS.

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CASH BILL is a documented receipt of cash payment as opposed to an invoice or promise to pay.

DEVALUATION, in economics, is the lowering in value of one currency in relation to other currencies.

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