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Cost Of Goods Sold
The total cost of manufacturing or acquiring products sold during a specific period, including materials, labor, and overhead.
Balance Sheet
A financial statement that summarizes a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.
Sales On Account
Transactions where goods or services are sold but payment is deferred to a future date, typically recorded as accounts receivable.
Cost Of Goods Sold
Costs directly related to creating products for sale by a company, encompassing expenditures for labor and materials.
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