OPEN TO BUY Definition

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OPEN TO BUY is the dollar amount budgeted by a business for inventory purchases for a specific time period.

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BALANCE is: a. equality between the totals of the credit and debit sides of an account; or, b. the difference between the totals of the credit and debit sides of an account.

ACCOUNT CURRENT is a running or continued account between two or more parties, or a statement of the particulars of such an account.

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