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Research evidence exists:
Perpetual Inventory System
An inventory management system that tracks inventory levels in real-time, updating with every sale or purchase transaction.
Gross Method
An accounting method used in invoicing that records the full price of goods or services without deducting any sales discounts upfront.
Credit Terms
Conditions under which credit is granted, including repayment period, discount for early payment, and interest rate.
Periodic Inventory System
An accounting method in which inventory levels and cost of goods sold are determined at the end of an accounting period based on a physical count.
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