Examlex
The primary financial function of the Small Business Administration is to
Perpetual Inventory System
An inventory accounting practice that instantly processes and records purchases or sales utilizing computerized point-of-sale systems alongside enterprise asset management software.
Merchandise
Products that are purchased and traded during business operations, usually in a retail or wholesale environment.
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.
Net Method
An accounting technique used for recording purchases where the purchase is recorded net of any trade discounts offered by the supplier.
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