Examlex
________ describe the structure and meaning of the data, contributing to their effective use.
Net Price Method
An accounting method that records purchases at the net price, after deducting any discounts, rather than recording them at the gross price.
Catalog Price
The listed price of goods or services in a catalog, before any discounts or adjustments.
Perpetual Inventory System
An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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