Question
Imagine that you currently live in Thailand. Your company buys goods from Singapore with a value of 100 million and uses FOB Shipping Point.
Imagine that you currently live in Thailand. Your company buys goods from Singapore with a value of 100 million and uses FOB Shipping Point. From Singapore to Thailand port it takes 1 week using FOB Shipping point, meaning that handover of the goods in Singapore. What is your idea related to later after the handover of the goods, of course, the receipt of the goods will be reported. With a total of 500 units of goods but arrived just 455 units in Thailand error occurred. What can be done to prevent this from happening? How did it happen and how to avoid losses for the company?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
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