CERTIFIED PAYROLL REPORT Definition

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CERTIFIED PAYROLL REPORT means the record that a contractor or subcontractor engaged on a public work is required to submit to an awarding government body with a statement of compliance as required pursuant to regulations for each month in which the contractor or subcontractor employs one or more workmen in connection with the public work.

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TEST COUNT, in inventory audits, is where a test count is inventory counted by the auditors to check the client's count.

ACCOUNT is the detailed record of a particular asset, liability, owners equity, revenue or expense.

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