Examlex
Colonial schools and colleges placed their main emphasis on
Physical Possession
The actual holding or occupying of an object, property, or asset by an individual or entity.
Legal Title
Refers to the formal right of ownership of a property or asset.
Physical Count
The process of manually counting the actual inventory on hand at a certain period to verify the quantities listed in the accounting records.
Gross Profit Method
An inventory estimation technique that calculates the cost of goods sold based on gross margin.
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