Examlex
A retributivist would uphold a just punishment for certain crimes even if the imposition of this punishment did not deter anyone from committing such crimes.
Adjusting Entry
A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the correct period.
Periodic Inventory System
An accounting method that determines inventory levels and cost of goods sold at the end of an accounting period through physical counting.
Purchases Discounts
Reductions in price given by suppliers on goods and services purchased, typically awarded for early payment.
Freight In
Costs associated with getting raw materials, goods, and merchandise transported from suppliers to a company, treated as part of inventory cost.
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