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The humanistic approach is similar to learning theories in that they both have little to say about
Subsidiary Ledgers
Detailed ledgers that contain information supporting accounts listed in the general ledger, such as customer and vendor details.
Perpetual Inventory System
An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
FIFO
First In, First Out, an inventory valuation method where goods purchased or produced first are sold or used first.
LIFO
An inventory valuation method, "Last-In, First-Out," where the most recently produced items are recorded as sold first.
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