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Account Numbers
A unique identifier assigned to each account in a company's chart of accounts, facilitating organization and tracking of financial transactions.
Normal Debit Balance
The expected positive balance in certain accounts of the accounting ledger, such as assets, expenses, and losses.
Sales Tax Payable
A liability account recorded on the balance sheet that represents the amount of sales tax collected from customers and owed to the government.
Estimated Returns Inventory
The provision of goods that are expected to be returned by customers, considered in inventory and financial accounting.
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