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What is the "division of labor"? How is the division of labor related to production?
Sales Journal
A specialized accounting journal used to keep track of the sales of items on credit.
Accounts Receivable
Accounts receivable refers to the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Sales Revenue
The total amount of money generated from the sale of goods or services by a company before any expenses are subtracted.
Purchases Journal
A specialized accounting journal used to record all purchases of merchandise, inventory, and other items on credit.
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