Question on: SS3 Accounting - Contract Account - Terminologies Used
What is a change order?
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A
A formal agreement between two or more parties outlining the terms and conditions of their relationship
B
An invoice requesting payment from a client
C
A document issued by the client requesting a change to the original terms of the agreement
D
Changes made to the contract or scope of work that affect the agreed-upon price and timeline
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Correct Option: C
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