Difference between revisions of "F.O.B. destination"
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| − | [[F.O.B. destination]] is the agreement that the seller pays or is responsible for the cost of freight to purchaser's location or destination. | + | [[F.O.B. destination]] is the [[agreement]] that the seller pays or is responsible for the cost of freight to purchaser's location or destination. |
Latest revision as of 04:27, 8 December 2020
F.O.B. destination is the agreement that the seller pays or is responsible for the cost of freight to purchaser's location or destination.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- F.O.B. destination. Seller pays or is responsible for the cost of freight to purchaser's location or destination.
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.
