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Accounts Receivable
Receivables from clients to a business for goods or services that have been dispatched but not settled.
Sales Salaries Payable
An account representing the salaries owed to sales staff that have been incurred but not yet paid.
Cash Payments
Refers to transactions where cash is paid out by the business, such as to suppliers, employees, or for other expenses.
Current Year
The ongoing year or the period of time that is presently being accounted for in financial or calendar terms.
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