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Perpetual Inventory
An inventory management system where records are continuously updated to reflect sales, purchases, and stock levels in real-time.
Cost Of Goods Sold
The direct costs attributable to the production of goods sold by a company, including materials and labor.
Sale Occurs
The event in which goods or services are transferred from a seller to a buyer for monetary consideration.
Sales Return
Transactions that involve the returning of sold goods by customers, resulting in a reduction of revenue.
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