POST Definition

POST is the transfer of accounting entries from a journal of original entry into a ledger book, in chronological order according to when they were generated.

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REVERSE TAKEOVER can occur in different forms: 1. a smaller corporate entity takes over a larger one.; 2. a private company purchases a public one; or, 3. a method of listing a private company while bypassing most securities regulations, whereby which a shell public company buys out a functioning private company whose management then controls the public company.

PURCHASE AGREEMENT is a contract stating the terms of a purchase.

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