Examlex
In database/ XML applications,it is a recommended practice that ________.
Perpetual Inventory System
An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
FIFO Method
An inventory valuation method where the first goods purchased are the first ones to be sold, "First In, First Out".
Days In Inventory
Days in inventory is a financial metric indicating how long it takes for a company to turn its inventory into sales.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period.
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