AGE OF INVENTORY Definition

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AGE OF INVENTORY see DAYS INVENTORY.

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CREDIT SALES are merchandise or services sold on the promise to pay later.

FORENSIC AUDIT is an examination of evidence regarding an assertion to determine its correspondence to established criteria carried out in a manner suitable to the court. An example would be a Forensic Audit of sales records to determine the quantum of rent owing under a lease agreement, which is the subject of litigation.

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