Examlex
The internet and database management systems have allowed manufacturers like Dell to sell directly to consumers. This is called
Expenses
Costs incurred by a business in the process of earning revenue.
Accounts Payable
Amounts owed by a company to suppliers or vendors for goods or services received that have not yet been paid for.
Accounts Receivable
Accounts receivable represents the money owed to a company by its customers for goods or services that have been delivered or used, but not yet paid for.
Cost of Goods Sold
The direct expenses related to the production of goods sold by a company, including the cost of the materials and labor directly used to create the good.
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