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MATCHING
-body's reaction to withdrawal or reduction from substance
Perpetual Inventory System
An accounting approach to continuously track inventory levels, purchases, and sales, updating the inventory records in real-time.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated using either a periodic or perpetual inventory system.
Inventory Method
The approach a business uses to value its inventory and determine the cost of goods sold, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).
Gross Profit Ratio
A financial metric used to assess a company’s financial health by dividing gross profit by net sales.
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