Examlex
Explain the letters shown in a PLC-5 word or bit address.
Purchase Discounts
A deduction from the stated price of goods or services allowed by the seller to the buyer for prompt payment.
Acquisition Cost
The total cost incurred to acquire an asset, including purchase price and all expenses directly tied to the acquisition.
Net Price Method
An accounting approach that calculates the cost of goods sold or purchased after deducting any discounts, rebates, or allowances from the gross price.
Gross Price Method
An inventory valuation method that records purchases at the gross invoice price without deducting any cash discounts.
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