Examlex
Of all the topics we have covered in unit 2, what has stood out to you as something most relevant to your life? Explain why.
Accounts Payable
The amount owed by a business to its suppliers or creditors for goods and services received but not yet paid for.
Cash
A current asset account that represents currency or currency equivalents that can be accessed immediately or near-immediately.
Sales
The total amount of revenue generated from selling goods or services.
Perpetual Inventory System
A method used by businesses to keep a real-time record of inventory levels, constantly updating with every sale and purchase.
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