Examlex
Migration in birds is guided in part by
Periodic Inventory System
A periodic inventory system is a method of inventory valuation where a physical count of inventory is performed at specific intervals to determine the ending inventory balance and the cost of goods sold.
Accounts Payable
Liabilities or amounts owed by a company for goods or services that have been received but not yet paid for.
Periodic System
An inventory accounting system where goods are physically counted at the end of a specific period to determine the cost of goods sold and ending inventory.
Purchases Returns and Allowances
Refers to a reduction in the cost of purchases due to items being returned or allowances provided by the seller for damaged or unsatisfactory goods.
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