Examlex
The nervous system contains two types of cells,neurons and glia cells,but only neurons conduct nerve impulses.
Net Method
An accounting method of recording purchases at the net of any trade discounts and rebates.
Purchase Discounts Lost
Occurs when a company fails to take advantage of early payment discounts offered by suppliers, leading to higher purchase costs.
Gross Method
The gross method in accounting is a way of recording purchases at the full invoice price without deduction of any cash discounts.
Accounts Payable
A current liability account on the balance sheet representing amounts owed by a company to suppliers or creditors for goods and services purchased on credit.
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