What Four Topics Are Commonly Covered in the Introduction to a Business

question 64

Essay

What four topics are commonly covered in the introduction to a business proposal? Briefly explain each one.

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Definitions:

Charge Customer

To bill a customer for goods or services provided, thereby creating an account receivable.

Cash Discount

A deduction from the invoice price that is allowed if payment is made within a specified period.

Credit

An accounting entry recording an increase in liabilities or equity or a decrease in assets, opposite of a debit.

Terms of Sale

The conditions under which a seller will complete a sales transaction, including payment terms and delivery time.