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Opening Balance Equity
An account used in accounting to balance the books when starting a new company file or reconciling accounts.
Retail Customers
Individuals who purchase goods or services for personal use, not for manufacturing or resale.
Sales Tax
A tax imposed by government on the sale of goods and services, usually calculated as a percentage of the selling price.
Manufacturing Tax
Manufacturing tax refers to taxes imposed on goods produced within a country; the specifics of these taxes can vary by location and product type.
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