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Involves Assisting Customers with Their Day-To-Day Checking and Banking Transactions

question 96

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Involves assisting customers with their day-to-day checking and banking transactions.


Definitions:

Freight Costs

Expenses associated with transporting goods between the vendor and the buyer, which may be borne by either party.

Sales Discount

A reduction from the usual cost of a product or service offered to customers to encourage prompt payment or increase sales.

Customers Pay

refers to the transactions where customers remit payment for goods or services received from a business.

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.

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