ACCOUNT DISTRIBUTION Definition

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ACCOUNT DISTRIBUTION is the process by which debits and credits are identified to the correct accounts.

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MANAGEMENT BUY-IN is the purchase of a company that is in trouble where the investors bring in new management for a turn-around.

INVENTORY OBSOLESCENCE is when inventory is no longer salable. Possibly due to too much inventory on hand, out of fashion or demand. The true value of the inventory is seldom exactly what is shown on the balance sheet. Often, there is unrecognized obsolescence.

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