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The following sentences form a paragraph. If the sentence contains a pronoun error, select "Pronoun error." If the sentence does not have a pronoun error, select "Correct." With a wooden spoon, I mixed it into the dough, adding more drops of water as needed.
Accounts Payable
Liabilities of a business that are owed to creditors for goods and services purchased on credit and are due within a short period, typically less than a year.
Perpetual Inventory System
Inventory accounting method that uses computerized point-of-sale and enterprise asset management software to immediately track sales or purchases of inventory.
Customer Refunds Payable
A liability account representing the amount of money owed to customers for the return of goods or dissatisfaction with services provided.
Credit To Inventory
An accounting entry that increases the total value of inventory held by a company, reflecting additions or corrections to stock.
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