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The Pennsylvania system rested on the principle of:
Budgeted Cash
An estimation of cash inflows and outflows for a business over a specific period, used for financial planning purposes.
Collection Pattern
The typical manner or schedule with which a business collects payments from its customers.
Credit Sales
Sales transactions where the payment is deferred to a future date, typically involving a credit agreement.
Collection Schedule
A plan or timetable for collecting receivables from customers, detailing the timing of payments to be received.
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