Examlex
Match the person or term with the with the correct description.
-John Kenneth Galbraith
Inventory Shrinkage
The loss of products between the point of manufacture or purchase from suppliers and the point of sale, often due to theft, damage, or errors.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Inventory
The complete stock of goods and raw materials a company maintains for purposes of resale or to be used in the creation of products.
Gross Method
An accounting method for recording purchases at the full invoice price without deducting any cash discounts.
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