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Selling Expense
Costs incurred directly related to the sale of a product or service, including advertising, shipping, and sales staff salaries.
Delivery Expense
Costs incurred by a business for the transportation or delivery of goods to customers, often classified as an operating expense.
Periodic Inventory System
An inventory accounting system where updates to the inventory accounts occur at specific periods rather than continuously, often requiring a physical count.
Merchandise Inventory
Goods and products that a retailer, wholesaler, or distributor has on hand to sell to customers.
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