Examlex
A common example of an automated identification system is an automated Point-of-Sale system used in most retail,grocery,and discount stores.
Terms 2/10, N/30
Terms 2/10, N/30 are payment terms indicating that a buyer can take a 2% discount on the invoice price if the payment is made within 10 days; otherwise, the net amount is due within 30 days.
Merchandise Inventory
Goods that a company holds for sale to customers, considered an asset on the balance sheet.
Perpetual Inventory Method
An inventory accounting system that records the sale or purchase of inventory in real-time through the use of computerized point-of-sale systems and enterprise asset management software.
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