Examlex
The instructions that tell a computer how to carry out a task are referred to as a computer software .
Perpetual Inventory System
An inventory tracking system where updates are made continuously as transactions occur, providing real-time inventory levels.
Gross Method
An accounting method where purchases are recorded at their gross price, without deducting any discounts at the time of purchase.
Merchandise
Products or goods that are bought, sold, or traded in the course of business.
Trade Discount
A reduction from the list price granted by a seller to a buyer, often based on volume or trade practices.
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