Examlex
All of the following describe learning EXCEPT ________.
Purchases Account
An account used in an accounting system to record the purchase of goods or services that a business intends to resell.
FOB Destination
In this shipping term, the seller retains the risk of loss until the goods reach the buyer's location.
FOB Shipping Point
This refers to a shipping term where the buyer assumes responsibility for the goods the moment they leave the seller’s premises.
Accounts Payable
A liability account that records amounts the company owes to suppliers or creditors for purchases or services received on credit.
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