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A ___________ is one that has a fundamental effect in shaping the firm's operations.
Freight Charges
Freight Charges are the costs associated with transporting goods from one place to another, typically paid by the buyer or seller depending on the delivery terms.
Perpetual
A method of inventory management where inventory records are updated in real-time, reflecting sales and restocks immediately.
Sales Returns
Refers to the process of customers returning previously purchased merchandise back to the seller, and the seller, in turn, refunds the customer's money or offers credit.
Perpetual Inventory System
An inventory accounting system 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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