Examlex
Online social connection is the belief that online communication enables __________.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made periodically, typically at the end of a reporting period.
Periodic
In accounting, periodic refers to a system or method where financial information and inventory levels are updated at specific intervals, rather than continuously.
Purchases
The total amount spent on goods and materials bought for resale or use in production during an accounting period.
Perpetual
A system of inventory management where records are updated immediately following a sale or purchase of goods.
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