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The DSM-IV is widely believed to be useful because it:
Periodic Inventory System
A method of inventory valuation for financial reporting purposes where a physical count of the inventory is taken at specified intervals.
Purchase Account
An account used in accounting to record the total purchases of goods and services by a company.
Inventory Account
An account used to record the value of inventory held by a company, including raw materials, work-in-progress, and finished goods.
Cost of Goods Available
The total cost of goods a company has to sell during a specific period, calculated by adding the beginning inventory to the cost of goods purchased.
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