Examlex
Write the compound statement in words. Let "The puppy is trained."
"The puppy behaves well."
"His owners are happy."
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Goods in Transit
Merchandise or products that have been shipped by a seller but not yet received by the purchaser, present in the distribution channel.
Inventory Inclusion
The process of adding items to a company's inventory count, ensuring they are recorded as assets in the financial statements.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set.
Perpetual 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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