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Cash Sales
Transactions where payment is made in cash at the time of sale, as opposed to credit sales where payment is deferred.
Journalize
The process of recording financial transactions in a company's journal, outlining the details of each business transaction.
Cash Short
A situation where the actual amount of cash on hand is less than the expected amount, often indicating errors or theft.
Cash Over
Refers to a situation where the actual cash amount received is greater than the expected or recorded amount.
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