Examlex
A(n) _____ contract is an agreement that results in an obligation that is legally enforceable.
Service Company
A business that generates revenue through the provision of services rather than selling physical products.
Sales Returns And Allowances
Transactions where a customer returns goods to the seller or receives a reduction in the invoice price, thereby reducing the seller's sales revenue.
Sales Discounts
Reductions in the amount charged to customers as an incentive for early payment, recorded as a deduction from gross sales to calculate net sales.
Pay Accounts Promptly
The practice of settling owed amounts to suppliers or creditors within the agreed payment terms to avoid late fees and maintain good business relationships.
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