Accounting Terms

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1.
Buying of goods with the intention of resale
2.
Credit suppliers of a business
3.
All the goods in a business for sale in the ordinary course of business.
4.
It is the amount incurred in order to produce and sell the goods and services.
5.
It is no benefit the firm receives against something
6.
These are valuable resources of a business useful in its operations.
7.
The amount invested by the owner in the firm. It may be cash or other assets
8.
Obligations or debts that a business has to pay after some time in future
9.
When goods meant for resale are sold
10.
Credit Customers to a business