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Sales Receipt
A document that provides proof of a transaction between a seller and a buyer, indicating the purchase of goods or services.
Creating an Invoice
The process of generating a document that itemizes and records a transaction between a buyer and seller, detailing products or services sold, prices, and payment terms.
Timing Difference
The discrepancy that arises between the recognition of revenue or expenses in accounting records and the actual receipt or payment of cash.
Bank Balance
The amount of money held in a bank account at a given moment.
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