CREDIT CARD Definition

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CREDIT CARD is a card authorizing purchases on credit at a predetermined interest rate and payment conditions.

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BILL OF SALE is a written statement attesting to the transfer (sale) of goods, possessions, or a business to a buyer.

CORRECTING ENTRY, a type of ADJUSTING ENTRY, is required at the end of an accounting period if a mistake was made in the accounting records during the period. See REVERSING ENTRY.

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