REASONABLE CERTAINTY Definition

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REASONABLE CERTAINTY is the degree of certainty that would be found to be in existence by a reasonable person.

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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.

ACCOUNTS RECEIVABLE TURNOVER is the ratio of net credit sales to average accounts receivable, which is a measure of how quickly customers pay their bills.

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