Asked by
PrincessAnaya Burgess
on Nov 12, 2024
Verified
If the buyer is to pay the freight costs of delivering merchandise, delivery terms are stated as
A) FOB shipping point
B) FOB destination
C) FOB n/30
D) FOB buyer
FOB Shipping Point
A shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs from the point of departure.
Freight Costs
Expenses incurred by a company for transporting goods from one place to another.
- Gain insight into the effect of freight terms on the documentation of accounting entries.
Verified Answer
JL
Learning Objectives
- Gain insight into the effect of freight terms on the documentation of accounting entries.
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