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Sales Discount
A reduction in the price of goods or services offered to customers, usually as an incentive for prompt payment.
Credit Sales
Credit sales are transactions where the customer purchases goods or services with the agreement to pay at a later date, typically invoiced by the seller.
Prompt Payment
The act of settling a financial obligation on or before its due date.
Sales Returns
Transactions involving the return of sold goods from the customer to the seller, often resulting in a refund or credit.
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