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Discoveries of tool kits from the archaic Period indicate that
Account Payable
A liability represented by an obligation to pay off a short-term debt to its creditors or suppliers.
Notes Payable
An accounting term for amounts owed by a business that are evidenced by promissory notes.
Borrower
An individual or entity that receives something with the agreement to return it or its equivalent to the lender at a later date.
Sales Taxes
Taxes levied by government on the sale of goods and services, typically calculated as a percentage of the sale price.
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