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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AGI (Annual Gross Income) is annualized total income prior to exclusions and deductions.

PAR VALUE is a. the maturity value or face value, i.e., the amount that an issuer agrees to pay at the maturity date; b. the official exchange rate between two countries currencies; or, c. the value of a security that is set by the company issuing it; unrelated to market value.

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