Examlex
Amendments to the articles of incorporation must be filed with the secretary of state of the state of incorporation.
Inventory System
A mechanism for tracking and managing items that a company holds in stock, covering aspects like ordering, storing, using, and selling these goods.
Perpetual
Continuing indefinitely without a predetermined end in the context of perpetual inventory systems that continually update to reflect buying and selling activities.
Credit Period
The amount of time the buyer is allowed in which to pay the seller.
Merchandise
Goods that are bought and sold in business transactions.
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