Examlex
In the A-B-C approach to classify inventory,items that have high unit costs are always classified as "A" category items.
Inventory
Goods and materials that a business holds for the ultimate goal of resale or processing.
Sales Discounts
Reductions in price given by a seller to a buyer, often to prompt early payment or reward customer loyalty.
Early Payment
A payment made before its due date, which can sometimes qualify the payer for discounts or improved credit terms.
Invoice
A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided.
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