ADVICE NOTE Definition

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ADVICE NOTE is a written piece of information e.g. about the shipping status of the goods.

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STANDARD COSTING is a control method involving the preparation of detailed cost and sales budgets. Such budgets are then compared with the actual results for a specific account period and any significant variances between the actual and the budgeted results are investigated. Unexpected trends are corrected if they are not acceptable or they cannot be accommodated.

MOU is Memorandum of Understanding.

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