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Social egalitarians believe:
Unpaid Voucher File
A file or record keeping system that tracks invoices and vouchers that have not yet been paid by the company.
Sales Discounts
Reductions in the price of goods sold, offered to customers as an incentive to either prompt payment or increase sales volume.
Vouchers Payable
Liabilities or debts owed by a company for purchases made on credit, documented by vouchers.
Gross Method
An accounting practice where purchases are recorded at their full invoice amount without deducting any purchase discounts.
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