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What Does It Mean to Have a Patient Customer in a Waiting

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What does it mean to have a patient customer in a waiting line?


Definitions:

Cash Sales

Transactions in which goods or services are paid for in full using cash at the time of sale.

Cash Register Tapes

Physical records produced by cash registers, documenting transactions completed.

Refund Liability

An obligation to return funds to customers, recorded as a liability on the balance sheet, reflecting the company's expectation to refund some portion of sales.

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