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Irrespective of Organizational Objectives,an Information System Should Collect Data from Either

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Irrespective of organizational objectives,an information system should collect data from either an internal or an external source.

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Definitions:

Invoice

A document detailing a transaction between a buyer and seller, including the quantity, price, and terms of sale.

Cash Discount

A deduction from the invoice price offered by a seller to encourage prompt payment by the buyer.

Payment Terms

The conditions under which a seller will complete a sale, typically specifying the period allowed to a buyer to pay off the amount due.

Invoice

A document issued by a seller to a buyer indicating the products or services provided, their quantities, and the agreed prices for products or services the seller has provided but not yet been paid for.

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