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-The chain reaction in this figure is a
Receiving Report
A document that records the details of goods received by a company, ensuring the quantities match the order and invoice.
Vendor's Invoice
A document issued by a vendor to a buyer indicating the products or services provided, quantities, prices, and terms of payment.
Perpetual
Continuing indefinitely without interruption; in accounting, it often refers to systems that continuously update inventory or records.
Inventory System
A method or system used to plan, organize, and control the goods or materials that are held in stock, ensuring efficient management and use of inventory.
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