Examlex
Match the FAT system name to its description.
-FAT 16
Credit Terms
Conditions under which credit is extended by a seller to a buyer, including the repayment period, discount for early payment, and the amount of late fees.
Invoice Date
The date indicated on an invoice, representing when it was issued, which marks the start of the period in which payment is expected to be made.
Sales Returns
Merchandise returned by customers for a refund or credit, reducing total sales revenue.
Cost of Goods Available for Sale
The total cost of merchandise that a company can sell during a certain period, including both its beginning inventory and the cost of any goods purchased during the period.
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