UNIDENTIFIED CASH RECEIPTS Definition

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UNIDENTIFIED CASH RECEIPTS is normally a temporary holding (suspense) account in which funds received but not yet identified as to which account receivable the amount should be properly assigned to are posted.

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EXPENDABLE is something that can be used and discarded without hurting the end product or the companys viability.

COST AVOIDANCE is an action taken in the present designed to decrease costs in the future.

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