COST OF REVENUE Definition

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COST OF REVENUE see COST OF GOODS SOLD.

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PERSUASIVE is having the power to influence. Most audit evidence is persuasive, but not conclusive.

BANK GUARANTEE is an irrevocable commitment by a bank to pay a specified sum of money in the event that the party requesting the guarantee fails to perform the promise or discharge the liability to a third person in case of the requestors default.

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