MEMOS written records supporting journal entries. Credit memos support credits, while debit memos support debit entries. See Memo Entry.
MANAGEMENT REPRESENTATION LETTER is a letter addressed to the auditor, signed by the client's chief executive officer and chief financial officer. During an audit, management makes many representations to the auditor. Written representations from management in the letter confirm oral representations given to the auditor, document the continuing appropriateness of such representations, and reduce the possibility of misunderstanding.
UNLIQUIDATED can mean: not liquidated; not exactly ascertained; not adjusted or settled.
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