Examlex
Circular references are a series of cell references in which the last cell reference refers to the first resulting in a closed loop.
Inventory
The total of all goods available for sale or use, including raw materials, work-in-progress, and finished goods.
Perpetual Inventory
A system of accounting for inventory that records the sale or purchase of inventory immediately through computerized systems.
Periodic Inventory
An accounting method where inventory is physically counted at specific intervals to determine the cost of goods sold and ending inventory.
Transactions
The act of buying, selling, or exchanging goods, services, or financial assets in the business world.
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