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-Wilhelm Wundt
Accounts Payable
Short-term liabilities or debts a company owes to its creditors for goods and services purchased on credit.
Inventory
The total stock of goods or materials a company holds for the purpose of resale or production.
CCA Depreciation
Capital Cost Allowance, a system in Canada that determines how a business can claim depreciation on tangible capital assets for tax purposes.
FIFO
"First In, First Out," an accounting method for valuing inventory where the oldest items are sold first.
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