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The simplest channel of distribution is the direct channel.What are the three advantages of a farmer selling strawberries grown on their farm directly to consumers?
Net Method
A method of recording purchases or invoices at their net price after deducting any purchase discounts.
Invoice Paid
A document or notation indicating that payment has been made for a particular invoice, clearing the amount owed.
Periodic Inventory Method
A method of inventory valuation where the cost of goods sold is determined at the end of an accounting period based on a physical count.
Voucher System
A control mechanism in accounting that uses vouchers to record transactions and ensure that every payment is properly authorized.
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