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After MRP Is Run in the SAP R/3 System

question 29

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After MRP is run in the SAP R/3 system:


Definitions:

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit.

Estimated

An approximate calculation or judgment regarding a number, value, or size based on available data, often used in planning and forecasting.

Liabilities

Economic responsibilities or liabilities that a business must pay back to others, requiring the disbursement of economic resources over a period.

Sales Taxes Payable

A liability account that represents the amount of sales tax collected from customers by a business, which is owed to the government.

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