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Which of the following is not one of the common types of responsibility centers?
Terms of Sale
Conditions agreed upon by the buyer and seller regarding the delivery, payment, and transfer of ownership of goods.
Credit Terms
The conditions under which credit will be extended to a borrower, including repayment schedule, interest rate, and the duration of the loan.
General Journal Entries
A record of financial transactions in the order they occur.
Invoice Price
Invoice Price is the price listed on an invoice for purchased goods or services, including the base cost and added fees or taxes before any discounts.
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