DOUBLE-ENTRY ACCOUNTING is a system of recording transactions in a way that maintains the equality of the accounting equation. The accounting technique records each transaction as both a credit and a debit. Double-entry bookkeeping (DEB) or accounting was developed during the fifteenth century and was first recorded in 1494 as a system by the Italian mathematician Luca Pacioli.
MANAGEMENT BUY-OUT is the purchase of a company by its management; usually with the backing of outside investors.
COBOL is Common Business Oriented Language.
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