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Why Do We Need Continous Time Models

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Why do we need continous time models?


Definitions:

Trade Receivables

Amounts owed to a business by its customers for goods or services delivered on credit.

Revenue Recognition

An accounting principle that determines the specific conditions under which revenue is recognized or accounted for.

Sales Agreement

A legal document that outlines the terms and conditions of a transaction between a buyer and a seller for goods or services.

Sales Revenue Approach

A method used in accounting to calculate revenue based on the total value of goods or services sold.

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