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Financial Statements
Official records that outline the financial activities and condition of a business, individual, or other entity.
Average Collection Period
The mean number of days a company waits to get payments from customers for products or services provided on credit.
Balance Sheet
A document showcasing a corporation's assets, obligations, and the equity held by shareholders on a specific date.
Sales On Account
Transactions where goods or services are delivered but payment is delayed, creating an account receivable on the balance sheet.
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