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When conducting field observations, personal impressions and feelings are included in field notes in order to:
Perpetual Inventory System
A method of inventory management where updates to inventory records are made immediately following each transaction, providing a continuous record of inventory levels.
Terms 1/10, n/30
A payment term indicating that a buyer can take a 1% discount on the invoice amount if payment is made within 10 days, otherwise the full (net) amount is due in 30 days.
Inventory Sold
The quantity of products or merchandise that a company has sold to its customers; these goods have been moved out of inventory and recognized as revenue.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made periodically, typically at the end of an accounting period, rather than after each transaction.
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