ACCOUNTS RECEIVABLE is a current asset representing money due for services performed or merchandise sold on credit.
PACKING SLIP see PACKING LIST.
NEGATIVE ASSURANCE, in accounting, is a statement of what the CPA does not know as opposed to what the CPA believes (positive assurance). A statement that the CPA was "not aware of material modifications that should be made to financial statements for them to conform with U.S. generally accepted accounting principles" is negative assurance used in review reports.
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