Examlex
You can use custom labels to:
Prepaid Freight
Costs paid in advance for the transportation of goods, often recorded as an asset on the balance sheet until the service is utilized.
Merchandise Inventory
Goods that a company holds with the intent to sell them as part of its primary operations.
Perpetual Inventory System
A method of inventory management where records are updated in real-time with every sale and restocking.
FOB Shipping Point
A term in shipping where the buyer assumes responsibility for the goods and shipping cost as soon as the goods leave the seller’s premises.
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