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Accounts Payable
The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.
Discount Period
The time frame in which a payment can be made at a reduced rate, usually before a specified due date.
Invoice
A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer.
Discount
The reduction from the full amount or value of something, often used as an incentive in sales.
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