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Although the steam engine is best known as the primary technology of the Industrial Revolution, a steam engine was invented by Hero of Alexandria, a Greek in ancient Rome. However, the engine was only used to open a temple door and not for industrial applications. What does this suggest about technological determinism?
General Journal Entries
Recorded financial transactions that detail the exchange or transfer of value, representing the broader double-entry bookkeeping system.
F.O.B Destination
A shipping term indicating that the seller pays for transportation of the goods to the destination and retains ownership until delivery is completed.
Perpetual Inventory Method
An accounting method that records goods and materials inventory after every addition or subtraction, providing a continuous record of inventory levels.
General Journal Entries
Account records in the general journal that detail financial transactions and their impact on accounts.
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