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With regard to the accounts used to record freight costs, Freight-out has a normal balance of credit Freight-out is added to cost of goods sold.
With regard to the accounts used to record freight costs,
| Freight-out has a normal balance of credit |
| Freight-out is added to cost of goods sold. |
| Freight-out is a contra account to Sales. |
| Freight-out is recorded when freight terms are FOB shipping point. |
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Audit Guide Audit Sampling
Authors: AICPA
2nd Edition
195068833X, 978-1950688333
