Match the Terms Below with the Correct Definitions

question 69

Multiple Choice

Match the terms below with the correct definitions.
-Buyer responsibility for paying the freight cost.

• A)FOB destination
• B)Sales Returns and Allowances
• C)Controlling account
• D)Accounts receivable ledger
• E)Subsidiary ledger
• F)Purchases journal
• G)Sales invoice
• H)FOB shipping point
• I)General journal

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Definitions:

State Supreme Court

The highest court in a U.S. state, which typically has the final say in interpreting state law and state constitution.

Lower Courts

Courts with limited jurisdiction, typically responsible for minor legal disputes and preliminary matters in a legal process.

Precedent

A legal principle, established in a previous case, that is either binding on or persuasive for a court when deciding subsequent cases with similar issues or facts.

Legal Realism

A school of legal thought that emphasizes the importance of real-world outcomes and the roles of social and economic conditions in shaping law, rather than abstract rules.