DOCUMENT RECONCILIATION Definition

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DOCUMENT RECONCILIATION is the synchronization of formalized documents to approved or changed requirements or specifications.

Learn new Accounting Terms

STOCK TURNS is the number of times per year that the stock (raw material, wip & finished goods) is turned over in relation to the sales revenue of a given product. Calculation - Stock turns = Sales turnover of products / Value of raw material, wip & finished goods.

MARKETING is the commercial processes involved in promoting and selling and distributing a product or service; finalizing with the exchange of goods or services for an agreed sum of money.

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