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Opening Inventory
This is the value of inventory (raw materials, work-in-progress, and finished goods) at the beginning of an accounting period.
Production Budget
An estimate of the total cost of production, including direct labor, materials, and overhead expenses, for a specific period.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period, usually for managing liquidity.
Disbursements
Payments made by a business, often related to its operational expenses.
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