Examlex
A _____ is a single vertical line of data in a grid.
Unadjusted Trial Balance
A preliminary list of all accounts with their balances before any adjustments are made for the end of the accounting period.
Periodic Inventory System
An inventory accounting system where updates to the inventory accounts are made on a periodic basis, rather than continuously.
Merchandise Inventory
Items that a company holds for the purpose of resale to customers in the ordinary course of business.
Gross Method
An accounting approach for recording purchases at the invoice price without deduction of any cash discounts offered.
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