Examlex
Match the word or phrase with its meaning.
-Differentiating
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
Sales
The total revenue a company generates from selling goods, services, or both, within a specific period.
Average Collection Period
The average amount of time it takes for a company to receive payments owed by its customers for goods or services sold on credit.
Income Statement
A financial statement that shows a company's revenue and expenses over a specific period, leading to net profit or loss.
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