ELECTRONIC DATA PROCESSING Definition

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ELECTRONIC DATA PROCESSING (EDP) is the processing of information by computer as opposed to handwritten records.

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UNDERBUDGETED is a line item within a budget to where the budgeted amount is not sufficient to cover the actual amount.

NON-CURRENT ASSETS includes PPE (property, plant and equipment) as opposed to current assets which includes cash, cash equivalents (e.g. securities, short-term notes, etc.), inventory and accounts receivable.

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