Examlex
Speciation
Perpetual System
A system for managing inventory that instantly logs sales or purchases via computerized point-of-sale systems and enterprise asset management software.
Inventory
A company's complete stock of items and materials, kept for the aim of either resale or use in manufacturing processes.
Sales Discount
A reduction in the price of a product or service offered by a seller to the purchaser, usually provided for prompt payment or in specific situations.
Contra-Revenue
Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, such as sales returns, allowances, and discounts.
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