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Utility programs help to perform maintenance, correct problems, merge and sort sets of data, keep track of computer jobs, and compress files of data.
Average Collection Period
The average time it takes for a business to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.
Balance Sheet
A statement that presents an organization's assets, liabilities, and the equity of its shareholders at a distinct point in time.
Sales On Account
Transactions where goods are sold but payment is deferred to a later date.
Cost Of Goods Sold
The immediate expenses related to the manufacturing of products sold by a business, encompassing costs for both materials and labor.
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