MATCHING Definition

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MATCHING, in accounting, is the matching of invoices to purchase orders and delivery notes prior to payment.

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LITAS (LITAI, LITU) is a currency of Lithuania.

FOB POINT OF ORIGIN is where the supplier is responsible for all shipping costs to the point of having the goods loaded unto the vessel for shipment to its destination. The purchaser, from that point forward, is responsible for all further shipping costs to the point of destination, e.g., insurance, transportation, etc.

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