AFE Definition

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AFE, dependent upon usage, is an acronym for Authorization for Expenditure or Average Funds Employed.

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CASH BOOK is a book that records all payments and receipts of business transactions; whether by cash, check or credit card.

COST ALLOCATION is the assignment to each of several particular cost-centers of an equitable proportion of the costs of activities that serve all of them, i.e. shared cost pools.

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