Examlex
What is the value of the price variable after the following code snippet is executed?
Perpetual Inventory Method
An inventory management method where stock levels are updated in real-time with each sale or purchase transaction.
Petty Cash Fund
Petty cash fund is a small amount of cash kept on hand for making immediate payments for minor and incidental expenses.
Perpetual Inventory System
An inventory management system where inventory levels are updated in real-time or on a continuous basis following each purchase or sale transaction.
General Journal
A primary accounting record used to record all types of transactions and events in chronological order before they are posted to specific accounts.
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