What is fob shipping point, Accounting Basics

Assignment Help:

Q. What is FOB shipping point?

FOB shipping point signifies free on board at shipping point. The buyer acquires all transportation costs after the merchandise has been loaded on a railroad car or truck at the point of shipment. Therefore the buyer is responsible for ultimately paying the freight charges.


Related Discussions:- What is fob shipping point

On january 1, On January 1, 2012, Lexmark Company's Accounts receivable acc...

On January 1, 2012, Lexmark Company's Accounts receivable account had a debit balance of $10,000. During January, 2012, the company billed customers for services in the amount of

Adjustments for accrued items, Q. Adjustments for accrued items? Accrue...

Q. Adjustments for accrued items? Accrued items need two types of adjusting entries asset/revenue adjustments and liability/expense adjustments. The first group asset/revenue a

Accounting policies, How the use of different accounting policies affect th...

How the use of different accounting policies affect the financial performance of different entities operating within the same industry

Most suitable method of controlling stock in a hotel bar, "Periodic Review"...

"Periodic Review" is the suitable method of controlling stock in hotel bar.

#ti, 10% preference share 336 ooo ordinary share capital 480 000 prepare a...

10% preference share 336 ooo ordinary share capital 480 000 prepare a statement of profit or loss

Describe about assets, Q. Describe about Assets? Assets are things of w...

Q. Describe about Assets? Assets are things of worth owned by the business. They are as well called the resources of the business. Illustration includes machines, cash and buil

Account, #quthe books of deven verma could not be tallied.the accountant tr...

#quthe books of deven verma could not be tallied.the accountant transferred the difference of Rs.1270 in the suspense account on the debit side the following mistakes were found la

Example of periodic inventory procedure, Q. Example of Periodic inventory p...

Q. Example of Periodic inventory procedure? Periodic inventory procedure Merchandising companies selling small unit value merchandise such like nuts and bolts Christmas cards n

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd