Examlex
Excited state electrons lose energy when they move to the ground state.
Perpetual Inventory System
An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Inventory System
A method of tracking the quantity, type, and value of products or materials a company has in stock.
Single-step Income Statement
A simplified income statement format that calculates net income by subtracting total expenses from total revenues in a single step.
Periodic Inventory System
A method of inventory valuation for financial accounting purposes where a physical count is performed at specific intervals to determine the ending inventory balance and the cost of goods sold.
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