Examlex
Granite and basalt are different because of their rate of cooling when they formed.
Perpetual Inventory System
A process in accounting for inventory that instantly logs purchases or sales via computerized point-of-sale systems and enterprise asset management programs.
Journal Entry
A record in accounting that notes every financial transaction of a business in chronological order.
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and the cost of transportation as soon as the goods leave the seller's premises.
Freight Costs
Expenses associated with transporting goods from one place to another, including the costs of shipping, handling, and insurance of goods during transit.
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