Examlex
What is the function of the iris?
Full Payment
Completion of payment for a product or service in total, settling all owed amounts without remaining balances.
General Journal
A fundamental accounting ledger where all financial transactions are initially recorded, employing a double-entry system.
Sales Tax
A tax imposed by government on sales of goods and services, collected by the seller and passed on to the government.
Cash Customer
A customer who pays for goods or services with cash at the time of purchase rather than buying on credit.
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