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.

Learn new Accounting Terms

ALLOWANCE FOR BAD DEBTS is an account established to record a subtraction from ACCOUNTS RECEIVABLE, to allow for those accounts that will not be paid.

INVESTMENT TAX CREDIT is a tax credit in the United States that allows businesses to write-off a portion of the cost of purchasing equipment for business use.

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