EXPENDABLE Definition

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EXPENDABLE is something that can be used and discarded without hurting the end product or the companys viability.

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FUND THEORY views the organization as a series of funds or sub-funds represented by various services or departments.

ERROR is unintentional misstatements or omissions in financial statements. Errors may involve mistakes in gathering or processing accounting data, incorrect estimates from oversight or misinterpretation of facts, and mistakes in application of principles relating to amount, classification, presentation or disclosure.

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