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A defense is generally not available in cases of voluntary intoxication.
Periodic Method
An accounting method that records inventory purchases and sales periodically, typically at the end of an accounting period, instead of continuously.
Journal Entries
The method by which transactions are recorded in the general ledger in the form of debits and credits according to accounting rules.
Voucher
A voucher is a document that authorizes a payment and records details about it, acting as proof of the transaction for accounting purposes.
Net Method
An accounting practice where discounts for early payment are considered directly in the invoice price, reducing the recorded sale and purchase amounts if the discount is taken.
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