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Gross Profit Rate
A financial metric that measures a company's gross profit as a percentage of its net sales, indicating the efficiency of production and pricing.
Cost Of Goods Sold
The costs directly related to the creation of products sold by a company, including expenses for raw materials and wages.
Worksheet
A paper or electronic tool used by accountants to gather information for adjusting entries and preparing financial statements.
Trial Balance
A list of accounts and their balances at a given time.
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