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List the Four Separate Functions of Maintaining Inventory Records

question 37

Essay

List the four separate functions of maintaining inventory records
Identify the documentation used in each function to prevent inventory records from being manipulated.


Definitions:

Trade Surplus

A situation in which a country's exports exceed its imports.

Exports

Goods or services sent from one country to another for sale or trade.

Imports

goods or services brought into one country from another for sale, often influencing the domestic market's supply and price levels.

Trade Surplus

This occurs when a country's exports exceed its imports, indicating a positive balance of trade.

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