DEBIT NOTES Definition

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DEBIT NOTES are issued to indicate a short payment.

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TIC/EBIT is one of the earnings multiples ratios used in determining company value.

RECOVERY, in finance, a. absorption of cost through the allocation of depreciation; b. residual cost or salvage value of a fixed asset after all allowable depreciation; or, c. collection of an accounts receivable that had been previously been written off as a bad debt.

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