BATCHING Definition

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BATCHING, in accounting, is the gathering and organizing of incoming invoices prior to processing.

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TREASURY is, dependent upon usage, a. the funds of a government or institution or individual; b. the government department responsible for collecting and managing and spending public revenues; or, c. a depository (a room or building) where wealth and precious objects can be kept safely.

TARGET MARGIN is the desired profit on each sale; used to determine the selling price where the average total cost is known.

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