Examlex
Determine whether the following is a trinomial square.
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Write Off
The accounting action of declaring that an asset is no longer collectible and recording its worth as zero, resulting in it being expensed.
Sales Revenue
The income received by a company from selling goods or services before any costs or expenses are subtracted.
Credit
The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources at a later date.
Goods Received
The receipt of goods ordered by a company, often documented with a goods received note (GRN) that verifies the delivery and details of the goods.
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