SUPPLIERS Definition

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SUPPLIERS provide goods or services to an audited entity. Sometimes called vendors.

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NON-EXPENSE CASH DISBURSEMENT is spending not shown on the income statement, i.e., the expenditure of cash on something that does not appear on the profit-and-loss statement, for example, spending on a fixed asset or discharging part or the entire principal in a debt.

COST ELEMENT, in cost accounting, is the lowest level component of a resource activity, or cost object.

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