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Market equilibrium is the point at which demand and supply are the same and demand equals supply. This lesson will explore the relationship between equilibrium price and quantity.
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The three sectors of the economy
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Credit Sales
Credit sales are transactions that happen when customers purchase stock without using cash. This lesson will look at the advantages and disadvantages of credit sales and the National credit act.
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Debtors journal and debtors allowance...
Debtor's journals are used to record credit sales. This lesson will teach you how to account for these records.
