Examlex
In an unsolicited proposal,the writer
Sales Returns & Allowances
A reduction in sales revenue that occurs when customers return products or receive discounts for unsatisfactory goods.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made at specific intervals and not recorded in real-time after each sale or purchase.
Periodic Inventory System
An inventory accounting system where updates to inventory levels are made periodically, typically at the end of a reporting period.
Periodic
In accounting, periodic refers to a system or method where financial information and inventory levels are updated at specific intervals, rather than continuously.
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