👉 Pudendum is a term used in accounting and finance to describe a transaction that involves the exchange of cash for goods or services. It refers to the process of recording a purchase, delivery, or other financial transaction as well as the subsequent adjustment of the balance sheet to reflect the transaction's impact on net income. In simple terms, it means that if you have a purchase order from another company and you receive payment in cash, you would record this as a purchase in your accounting records. If you
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