ACCOUNTING PACKAGE/SOFTWARE Definition

ACCOUNTING PACKAGE/SOFTWARE, usually, is a commercially available software program or suite that, with little customization, will satisfy the accounting system needs of the purchasing entity.

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CIF (COST, INSURANCE AND FREIGHT) is a shipment where all shipping costs are paid by the exporter, including insurance.

BIR is Bureau of Internal Revenue, Benefit/Investment Ratio, or Best Incremental Return.

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