Examlex
Match the term with the appropriate description.
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Perpetual Inventory System
An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Net Price Method
A pricing strategy taking into account all available discounts and rebates to determine the final purchase price.
Purchase Discounts Taken
Reductions in the purchase price of goods or services, realized for paying early or within a specified period.
Credit Terms
The conditions under which credit will be extended to a customer, including the repayment time frame and any interest or fees that apply.
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