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  2. Remittance advice - Wikipedia

    en.wikipedia.org/wiki/Remittance_advice

    Remittance advice is a letter sent by a customer to a supplier to inform the supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque. The advice may consist of a literal letter (e.g., "To Whom it May Concern: Your shipment of the 10th inst was received in good order ...

  3. Invoice processing - Wikipedia

    en.wikipedia.org/wiki/Invoice_processing

    Invoice Processing : involves the handling of incoming invoices from arrival to payment. Invoices have many variations and types. In general, invoices are grouped into two types: 1. Invoices associated with a company's internal request or purchase order (PO-based invoices) and. 2. Invoices that do not have an associated request (non-PO invoices).

  4. Comfort letter - Wikipedia

    en.wikipedia.org/wiki/Comfort_Letter

    Comfort letter. A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the ...

  5. Why is compound interest better than simple interest? - AOL

    www.aol.com/finance/why-compound-interest-better...

    A savings account grows more quickly by earning compound interest than simple interest. Likewise, a loan becomes more expensive for the borrower when it’s based on compound interest than simple ...

  6. Coupon collector's problem - Wikipedia

    en.wikipedia.org/wiki/Coupon_collector's_problem

    Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more ...

  7. 'It's hell outside": Sizzling heatwave in parts of southern ...

    www.aol.com/news/hell-outside-sizzling-heatwave...

    Weather alerts, forest fires, melting pavement in cities: A sizzling heat wave has sent temperatures in parts of central and southern Europe soaring toward 40 degrees Celsius (104 Fahrenheit) in ...

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