RATIO -
The relationship
of one thing to another. A ratio is a shortcut way of comparing
things that
can be expressed
as numbers or degrees.
RECEIVABLE
- Ready
for payment. In accounting, a receivable is an asset - it represents
money
that is owed to you.
RECONCILIATION
(of
cheques) - The process of verifying a business's own record of cheques
written against the bank statement.
REMITTANCE
SLIP -
A source document for every cheque received from a customer.
RESERVE
- That which
is held back or stored for future use or in case of emergency.
RETAIL
- Selling directly
to the customer.
REVENUE
- A flow of
cash and accounts receivable into the business resulting from the sale
of services and goods to customers.
REVENUE
AND EXPENSE TRANSACTIONS
- Financial events determining the profit or loss of a business.
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