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Napoleon won the support of the peasantry and the middle class by rewriting French law
Beginning Inventory
The initial value of goods available for sale at the start of an accounting period.
Purchases
The acquisition of goods or services by a company in exchange for money.
Perpetual Inventory System
An inventory system in which a detailed inventory record is maintained, recording each purchase and sale during the accounting period.
Periodic Inventory System
A periodic inventory system is an accounting method where inventory levels and cost of goods sold are determined at specific periods, such as monthly or annually, through a physical count.
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