Examlex
A firm uses information technology to break down functional barriers and create a work system based on business processes, products, or outputs rather than on functions or inputs in
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's receivables that might not be collected, reducing the total value of accounts receivable by a corresponding amount.
Credit Sales
Sales made on credit, meaning payment is to be received after the delivery of goods or services.
Credit Card Discount
Fee charged by the credit card company for its services.
Net Sales
The revenue a company makes after subtracting the costs for returns, compensation for damaged or missing items, and any permitted discounts.
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