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Journal Entry
A journal entry is a record in the accounting books that logs a business transaction, indicating the accounts and amounts to be debited and credited.
Inventory
The total amount of goods and materials held by a business for the purpose of resale or production.
Selling Expense
Costs incurred directly and indirectly in making sales, including advertising, shipping, and sales staff salaries.
Goods Sold
The total of merchandise that a company has sold to its customers within a specific period; often referred to as 'sales'.
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