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Basic accounting terms 1.sales2.expenditure |
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Answer» Answer: BASIC Accounting Terms Accounts Payable. Accounts payable refers to the money a business owes to its suppliers, VENDORS, or creditors for goods or services BOUGHT on credit. ... Accounts Receivable. ... Accounting Period. ... Accruals. ... Accrual BASIS Accounting. ... Assets. ... Balance Sheet. ... Capital. |
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