Asked by
Keleen Ashmead
on Nov 12, 2024
Verified
If the seller is to pay the freight costs of delivering merchandise, the delivery terms are stated as
A) FOB shipping point
B) FOB destination
C) FOB n/30
D) FOB seller
FOB Destination
A shipping term indicating that the seller pays for transportation of the goods to the buyer's location and owns the goods in transit.
Freight Costs
Charges incurred for transporting goods between places, typically included as part of the cost of goods sold or inventory.
- Acquire knowledge about how freight terms affect accounting transactions and their recording.
Verified Answer
BC
Learning Objectives
- Acquire knowledge about how freight terms affect accounting transactions and their recording.
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