TRADE PAYABLE Definition

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TRADE PAYABLE, also known as an account payable, is an amount owed to a creditor for goods and services received.

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DEPRECIATION REVERSAL is the reversal of a depreciaton amount in the depreciation reserve account.

ELECTRONIC DATA INTERCHANGE (EDI) is the use of communication between an entity and customers or suppliers to transact business electronically. Purchases, shipping, billing, cash receipts, and cash disbursements can be completed entirely by exchanging electronic messages.

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