Examlex
Trading Partner agreements are only for electronic standard transactions.
Perpetual Inventory System
An inventory management method where inventory quantities and costs are updated continuously with each sale or purchase.
Accounts Payable
Liabilities of a business that are owed to creditors for goods and services purchased on credit.
Credit To Inventory
An accounting entry that increases the inventory asset account due to purchases on credit.
Perpetual Inventory System
An automated inventory management system which promptly registers inventory transactions during sales or purchases through digital point-of-sale systems and enterprise asset management software.
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