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Due Date
The specific date by which an obligation, such as a payment or task, must be completed or fulfilled.
Journalize
The process of recording transactions in a company's journal, detailing the financial activities and their impact on accounts.
Net Sales
The amount of revenue generated from sales of goods or services after deducting returns, allowances, and discounts.
Adjusting Entry
A journal entry made in the accounting records to update the balances of certain accounts and accurately reflect the financial position before preparing financial statements.
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