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Which of the points or is closer to the point ?
Cost Of Merchandise Sold
The total cost incurred by a business to sell its products, including the purchase price and other expenses directly related to procurement.
Journal Entry
A record in accounting that records a transaction, indicating the accounts and amounts debited and credited.
Cost Of Merchandise Sold
The total cost incurred to obtain goods sold by a company during an accounting period; it includes purchase price, freight in, and other costs related to procurement.
Periodic Inventory System
An accounting method that tracks inventory purchases and sales periodically, typically at the end of an accounting period.
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