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Operating Expenses
Costs associated with the day-to-day operations of a business, excluding costs of goods sold, such as rent, salaries, and utilities.
Sales Discounts
Price reductions offered by sellers to encourage prompt payment by buyers.
Credit Sales
Sales made by a business where payment is allowed to be deferred until a later date.
Perpetual Inventory System
An inventory management method where updates are made continuously to record sales and purchases instantly.
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