There Are Several Collections Defined in

question 9

True/False

There are several collections defined in .NET to help programmers manage in-memory data.

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Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services already provided but not paid for.

Credit Sales

Sales made by a business where the customer is allowed to pay at a later date.

Cash Sales

Transactions where payment is made in cash at the time of the sale, with immediate transfer of ownership and benefits.

Salaries Payable

An account representing the owed but not yet paid salaries to employees at the end of a period.