TRADE DEBTORS Definition

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TRADE DEBTORS represent amounts of money owed by customers who have purchased goods/services from the company.

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PR is an acronym for, among others, public relations, payroll and purchase request.

FINANCIAL SYSTEM is an information system, comprised of one or more applications, that is used for any of the following: collecting, processing, maintaining, transmitting, and reporting data about financial events; supporting financial planning or budgeting activities; accumulating and reporting cost information; or supporting the preparation of financial statements.

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