Examlex
A data file is what type of file when each record is read in order of its position in the file?
Selling Expenses
Costs incurred directly and indirectly from the sale of goods or services, such as advertising, shipping, and sales staff salaries.
Perpetual Inventory System
An inventory management system where inventory levels are updated in real-time with each sale or purchase.
Periodic Inventory System
An inventory management system where the inventory count is conducted at specific intervals to determine the cost of goods sold.
Discount Period
The time frame in which a discount is offered for prompt payment of an invoice, encouraging early payment by customers.
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