Question
Define the following terms:
(a) Commerce
(b) Petty Cash Book
(c) Human Resources
(d) Facsimile
(e) Bills Discounting
Answers
Answer:
- Commerce
- the activity of buying and selling, especially on a large scale.
"the changes in taxation are of benefit to commerce"
synonyms: trade, trading, buying and
- Petty cash book
- Petty cash is a system that funds and tracks small purchases such as parking meter fees that aren't suitable for check or credit card payments.
- Human resources
- Human resources is used to describe both the people who work for a company or organization and the department responsible for managing resources related to employees.
- Facsimile
- an exact copy, especially of written or printed material.
- Bills discounting
- Bill Discounting is a discount/fee which a bank takes from a seller to release funds before the credit period ends. This bill is then presented to seller's customer and full amount is collected
Hope it helps u
Commerce
the activity of buying and selling, especially on a large scale.
Petty Cash Book
The petty cash book is a formal summarization of petty cash expenditures, sorted by date. In most cases, the petty cash book is an actual ledger book, rather than a computer record.
Facsimile
an exact copy, especially of written or printed material.
Human Resources
the personnel of a business or organization, regarded as a significant asset in terms of skills and abilities.
Bills Discounting
Bill Discounting is a discount/fee which a bank takes from a seller to release funds before the credit period ends. ... Bill Discounting is mostly applicable in scenarios when a buyer buys goods from the seller and the payment is to be made through letter of credit.
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