Examlex
The purpose of the strategic inventory is to help the manager
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.
Perpetual Inventory System
A strategy for managing inventory accounting that utilizes computerized point-of-sale systems and enterprise asset management software to immediately document sales or purchases.
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