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A Business That Sells on Account Must Have Good Accounts

question 28

Essay

A business that sells on account must have good accounts receivable records to ensure collection from customers. What is the name of detailed record of amounts collectible from individual customers?


Definitions:

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.

Fat

A natural oily or greasy substance occurring in animal bodies, especially when deposited as a layer under the skin or around certain organs.

Calories

A unit of energy used to measure the amount of energy contained in food and drink and the energy expended during physical activity.

Gram

A metric unit of mass equal to one thousandth of a kilogram, commonly used to measure small quantities of substances.

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