AUXILIARY JOURNAL Definition

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AUXILIARY JOURNAL is a journal in which accounting information is stored both before and after the transfer to the General Ledger.

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GOLD PC is a mortgage pool program offered by the Federal Home Loan Mortgage Corporation (FHLMC) that reduces the delay in payments from 45 days to 15 days and broadens its guarantee to include the timely payment of principal.

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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