INVENTORY TAG Definition

Bookmark and Share

INVENTORY TAG is a tag attached to inventory items that identifies the inventory items to aid in counting the physical inventory.

Learn new Accounting Terms

ORDER OF MAGNITUDE is a number assigned to the ratio of two quantities; two quantities are of the same order of magnitude if one is less than 10 times as large as the other; the number of magnitudes that the quantities differ is specified to within a power of 10.

VENDOR STATEMENT is a statement by the seller to the buyer detailing material particulars regarding the property in question (suitability for intended use).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.