Examlex
Agglomeration explains why certain cities and regions can attract businesses even in the absence of obvious geographic advantages.
General Journal Entry
An accounting record where transactions are initially recorded, detailing the accounts that are affected and the amounts, before the details are posted to the appropriate ledgers.
Discount Period
A specified time frame during which a discount is offered or can be taken advantage of.
Credit Terms
The conditions under which credit is extended by a seller to a buyer, including the repayment period, discount for early payment, and the due date.
Invoice Price
The amount that appears on an invoice as the cost of buying or procuring a product or service.
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