Examlex
Which of the following would perform the required mathematical and logic operations of a central processing unit (CPU) ?
Periodic Method
A method of inventory accounting where updates to inventory levels and cost of goods sold are made at the end of an accounting period.
Gross Method
An accounting method where purchases are recorded at their full purchase price without deducting any cash discounts.
Periodic Inventory Method
An accounting practice where inventory levels and cost of goods sold are calculated at predetermined intervals, such as monthly or annually.
Voucher System
A control mechanism in accounting that uses vouchers to record transaction details and authorize cash disbursements.
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