To assimilate or incorporate amounts in an account or a group of accounts so that they are absorbed and lose their identity.
Ex post, derived from the Latin term 'ex post facto', means after the event. It is used commonly in accounting and finance to refer to the collection and analysis of financial data after transactions have taken place. This stands in contrast to ex ante, which refers to predictions or analyses made before events occur.
A liquidated debt is a debt that is undisputed both in terms of its existence and the exact amount owed.
Returns inwards, also known as sales returns, refer to goods returned to an organization by customers. These returns typically occur due to dissatisfaction with the product, whether due to defects, wrong shipments, or simply buyer's remorse.
