Question
With regard to the accounts used to record freight costs, Freight-out is a contra account to Sales. Freight-out is added to cost of goods sold.
With regard to the accounts used to record freight costs,
Freight-out is a contra account to Sales.
Freight-out is added to cost of goods sold.
Freight-out has a normal balance of credit
Freight-out is recorded when freight terms are FOB shipping point.
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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
