SALES JOURNAL Definition

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SALES JOURNAL is a record containing a chronological listing of credit sales.

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COST OF MONEY is a form of indirect cost incurred by investing capital in facilities employed on government contracts.

PERPETUAL INVENTORY is an inventory accounting system whereby book inventory is kept in continuous agreement with stock on hand. A daily record is maintained of the dollar amount and physical quantity. There are periodic physical inventories taken to reconcile at short intervals.

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