F.O.B. 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.
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.
