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Which inventory system keeps an ongoing tally of purchases and sales of inventory with adjustments that reflect changes as they occur?
Sales
The activity or business of selling goods or services to customers.
Net Income
The amount of money a company has left after all expenses, taxes, and costs have been subtracted from total revenue.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the owners' share.
Expenses
are the costs incurred in the operation of a business or the execution of a project, including money spent on goods, services, and other necessary items.
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