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    therocky123's Avatar
    therocky123 Posts: 2, Reputation: 1
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    #1

    Feb 23, 2011, 04:39 AM
    What are the accounting terms in Imports and exports and their definitionexplain?
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    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 7, 2011, 09:17 AM

    An import is something that you inport from another country. For example if you live in the U.S. and purchase something from Japan the material from Japan is an import in the U.S.

    An export is the opposite. For example if the U.S. sends something to Japan then that item is a U.S. export to Japan.
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