Examlex
The greatest common divisor can be zero.
Inventory
Items held by a company for sale in the ordinary course of business or to be used in the production of goods sold.
Contra-Revenue Accounts
Accounts used to record reductions in gross revenue, such as sales returns, allowances, and discounts, to arrive at net revenue.
Gross Profit
The financial metric calculated by subtracting the cost of goods sold from total sales revenue, representing the efficiency of a company in managing its production and sales.
Perpetual System
An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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