Examlex
What does an entity relationship diagram represent? Why do accountants need to understand them?
Transportation Costs
Expenses associated with moving goods or individuals from one location to another, including costs related to freight, fuel, and maintenance.
FOB
stands for Free On Board, a term used in shipping indicating that the seller is responsible for goods until they are loaded onto a shipping vessel.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights of those involved.
Destination Contract
A contract for the sale of goods where the seller is required to ship the goods to a specific location and title passes to the buyer upon delivery at that location.
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