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Money is
Buyer Returns
Goods returned by the buyer to the seller due to defects, dissatisfaction, or other reasons, impacting the seller's revenue and inventory levels.
Perpetual Inventory System
An inventory management system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Merchandise Inventory
Refers to the goods a company intends to sell to customers that are purchased from suppliers or manufactured.
Accounts Payable
Accounts Payable is a liability account on a company's balance sheet representing money owed to creditors for goods and services purchased on credit.
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