Examlex
.Which of the following does not describe water?
Periodic System
An inventory system where updates to inventory levels are made periodically, as opposed to continuously.
Voucher Systems
A control and documentation system used in accounting to process and monitor transactions.
Net Method
An accounting method where discounts for early payment are assumed to be taken and sales or purchases are recorded at their net of discount values.
Purchases Discount
Purchases discount is a reduction in the price paid for goods or services, often granted to a buyer when payment is made within a specified period.
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