STALE CHECK is a check that is six months or older than the date affixed to the check by the maker. If a customer's check is presented more than six months after the date appearing on the check, the paying bank has the option of paying or dishonoring the check because the check is deemed "stale".
REALIZATION PRINCIPLE is that revenue should be recognized at the time goods is sold and services are rendered.
TEST, in statistics, is taking a ample from a population to estimate characteristics of the population.
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