Examlex
Which one of the following statements about training and learning is FALSE?
Perpetual Inventory System
An inventory accounting technique that instantly logs the sale or acquisition of inventory using computerized point-of-sale systems and enterprise asset management software.
Adjusting Entry
A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate periods.
Physical Inventory Count
A process of counting actual inventory to verify the quantity on hand, usually performed at the end of an accounting period.
Inventory
Inventory consists of the goods and materials a business holds for the purpose of resale or production.
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