Examlex
Indexes prevent the database engine from having to scan every record in the database.
Perpetual Inventory System
A method of inventory management where updates to inventory records are made in real-time following every transaction.
Cost of Goods Sold
Cost of goods sold (COGS) represents the direct costs attributable to the production of the goods sold by a company.
Periodic Inventory System
An inventory system that updates inventory balances at the end of a period, relying on physical counts to measure stock levels.
Detailed Records
Comprehensive, accurate documentation of transactions, activities, or events, maintained for reference and compliance.
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