Difference between revisions of "Freight-In"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Freight-In]]. A cost of goods sold account that records the shipping cost to the buyer. | + | :[[Freight-In]]. A [[cost of goods sold]] account that records the shipping cost to the buyer. |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 00:03, 5 January 2019
Freight-In is a cost of goods sold account that records the shipping cost to the buyer.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Freight-In. A cost of goods sold account that records the shipping cost to the buyer.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
