Examlex
Which of the following is NOT a type of validity?
Periodic Inventory Method
An accounting method where inventory is physically counted and valued at specific intervals.
Voucher Payment
Voucher payment involves the use of a voucher system where approval documents are prepared and used as the basis for making payments to vendors.
Net Method
An accounting practice where discounts for early payment are assumed to be taken and purchase or sale transactions are recorded at the net, discounted amount.
Periodic Inventory Method
An accounting method where the inventory is physically counted at specific intervals and the cost of goods sold is calculated afterwards.
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