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Rousseau designed the Panopticon prison,a major contribution to the field of criminology.
Perpetual Inventory System
An inventory management approach that keeps continuous, real-time records of goods purchased and sold, reflecting current inventory levels at all times.
Merchandise Inventory
Goods that a company holds for the purpose of selling them to customers, representing one of the key assets on the balance sheet.
Accounts Payable
The liabilities a company has to its vendors or lending parties for products and services it has received but for which payment has not been made.
Net Method
A way of recording purchases or sales of goods that directly factors in any discounts or allowances at the time of the transaction.
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