STRATIFY Definition

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STRATIFY is to arrange a population or a sample in distinct layers. Stratified sampling is used in auditing to select a greater percentage of accounts with high balances than of accounts with low balances.

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DISCOUNT is a decrease in value (often due to interest to be earned) or decrease in price.

REVENUE CYCLE is the sections of a company that fills customer orders, accounts for
receivables, and collects those receivables.

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