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Periodic Inventory System
An accounting method where the inventory level is updated in the accounting records at specific intervals, rather than after each sale or purchase.
Perpetual Inventory System
An inventory management method where stock levels are updated in real-time with each sale or purchase.
Purchases Discounts
Reductions in price offered by suppliers to buyers as an incentive for early payment of their purchase invoices.
Periodic Inventory System
An inventory valuation method where updates to inventory levels are made periodically, typically at the end of an accounting period, rather than after each sale or purchase.
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