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Accounts Receivable
Amounts owed to a business by its customers from sales or services provided on credit.
Cash Sales
Cash Sales refer to transactions where goods or services are paid for with cash immediately at the point of sale, without any delay in payment.
Credit Sales
Sales made by a business where the payment is deferred to a later date, allowing the buyer to take possession of goods or services immediately but pay later.
Collect
To gather or amass something, often refers to the act of receiving payments or debts.
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