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Managers who are problem solvers will make decisions and try to solve problems when required.
Sales Discount
A reduction in price given by a seller to a buyer, often to encourage prompt payment.
Sales Tax Payable
A liability account used to keep track of sales tax that has been collected from customers but not yet remitted to the government.
Discount Period
The timeframe during which a discount is offered for the early payment of an invoice or a bill, encouraging quicker payment.
Sales Invoice
A document issued by a seller to a buyer that lists products or services sold, including quantities and prices.
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