CASH CLEARING ACCOUNT Definition

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CASH CLEARING ACCOUNT represents a clearing account for voided and reissued imprest cash checks. It is also used for miscellaneous corrections of imprest cash checks.

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RECEIVING is to get something or come into possession of something. In a company it can be a location where goods are received.

ITC is International Trade Commission, Investment Tax Credit, Input Tax Credit (Canadian GST refund for businesses), etc.

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