Examlex
Which of the following is possible for a particular business transaction?
Physical Inventory
The process of counting and verifying the actual inventory on hand at a business location.
Legal Title
The formal right of ownership of property, which may include possessions, assets, or real estate, recognized and protected by law.
Perpetual Inventory System
A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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