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Sales On Account
Sales made to customers for which payment is to be made in the future.
Cost Of Goods Sold
The direct expenses related to the manufacturing of products sold by a company, encompassing both materials and labor costs.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects revenue from credit sales by comparing net credit sales with the average accounts receivable.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.
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