Examlex
A synapse is
Subsidiary Inventory Ledger
The subsidiary ledger containing individual accounts for items of inventory.
Inventory Levels
The quantity of products or materials a company has in stock at any given time.
Physical Inventory
The process of counting by hand all physical inventory items in a business at a specific point in time, to ensure accuracy of accounting records.
LIFO
"Last In, First Out," an inventory valuation method where the last items purchased are the first ones sold.
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