CONTINGENCY PLAN Definition

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CONTINGENCY PLAN is a plan that provides an outline of decisions and measures to be taken if defined circumstances, outside the control of the affected organization, should occur.

Learn new Accounting Terms

DATA FIXATION, in behavioral accounting, is a compulsive preoccupation to focus only upon the numbers without looking beyond for the meaning behind the results themselves.

CASH BOOK is a book that records all payments and receipts of business transactions; whether by cash, check or credit card.

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