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Accounts Payable
The amounts owed by a company to suppliers or creditors for goods and services received.
Cost of Goods Sold
Expenses directly tied to the production process of goods a company markets, including both materials and labor costs.
Accounts Receivable
The amount due from customers to a firm for the delivery of goods or services which remains unpaid.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including labor, materials, and manufacturing overhead.
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