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What is the first step in establishing a global pay system?
Total Amount Charged
The total amount charged refers to the aggregate sum of all charges, fees, and expenses associated with a transaction or series of transactions.
Allowance for Doubtful Accounts
This is an accounting method that estimates the amount of receivables that may not be collected due to customer defaults.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle.
Merchandise Inventory
Merchandise on hand (not sold) at the end of an accounting period.
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