Examlex
Functions begin and end do not take any parameters.
Perpetual Inventory
An inventory management system where inventory levels are updated in real-time following each purchase or sale.
Merchandising Transactions
Transactions that involve the buying and selling of merchandise, crucial for businesses in the retail sector to generate revenue.
Net Sales
The net sales income after taking away returns, credits for damaged or lost goods, and discounts.
Gross Margin
The difference between sales revenue and the cost of goods sold, indicating the profit margin before accounting for overheads, salaries, and other expenses.
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