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This meeting agenda element is optional and applies if there are subcommittees or groups working on specific,individual action items that require reports to the group or committee.
Inventory
Inventory encompasses the raw materials, work-in-progress goods, and the finished products that a company holds with the intention of selling them to earn revenue.
Multi-Column Purchases Journal
A specialized accounting journal that records the purchase transactions of a business in multiple columns for different types of purchases.
Accounts Payable Account
An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.
Cash Account
An account that tracks the flow of cash transactions, including receipts and payments, impacting a business's overall cash balance.
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