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Which of these is not one of the three phases in the development of an accounting system?
Retail Clothing Store
A business establishment that purchases clothing from manufacturers or wholesalers and sells these directly to consumers.
Product
Anything that can be offered to a market that might satisfy a want or need, including physical goods, services, and experiences.
Period
A length of time during which a series of events or an action takes place or is completed.
Absorption Costing
A cost calculation method within accounting that assimilates all expenses incurred during manufacturing, covering direct materials, direct labor costs, and all overheads, whether fixed or variable, into the product ’s price.
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