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Purchases Discount
A reduction in the amount payable by a buyer to a seller, if the payment on the purchase is made within a specified period.
Chart Of Accounts
A list of the accounts in the ledger.
Merchandising Business
A company that purchases goods wholesale and resells them at retail, making profit from the markup.
Perpetual Inventory System
An accounting system that records inventory purchases or sales immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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