Perpetual Inventory
Perpetual inventory systems continuously track inventory levels using real-time data from point-of-sale or stock movement. It provides accurate, up-to-date stock figures without needing frequent physical counts. This system enhances inventory control, reduces shrinkage, and supports just-in-time inventory strategies, especially in retail and manufacturing environments.
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Prepaid Interest
Prepaid interest is interest paid before it's due, often at the beginning of a loan term. It's initially recorded as…
Prepaid Income
Also known as unearned income, prepaid income is money received before delivering goods or services. It’s recorded as a liability…
Prepaid Expense
Prepaid expenses are advance payments for goods or services to be received in future periods. Common examples include prepaid rent…
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