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What is included in the invoice? What are the purpose of invoicing and payment collection? How is the payment record maintained in the according system?

  1. What is included in the invoice?
  2. What are the purpose of invoicing and payment collection?
  3. How is the payment record maintained in the according system?
  4. What is important to have a project budget?
  5. Briefly explain the following types of budgets:
  • Master
  • Static

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