PAYABLE is an amount awaiting payment to be made, e.g. interest payable or taxes payable.
ACCOUNTING SYSTEM is the set of manual and computerized procedures and controls that provide for identifying relevant transactions or events; preparing accurate source documents, entering data into the accounting records accurately, processing transactions accurately, updating master files properly, and generating accurate documents and reports.
FIELD TRIAL is a test of the performance of a new product under the conditions under which it is intended be used.
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