F.O.B. shipping point
Revision as of 08:52, 20 December 2018 by Gary (talk | contribs) (Created page with "F.O.B. shipping point is the agreement that the purchaser pays or is responsible for the shipping costs from seller's shipping point to purchaser's location. ==Definitio...")
F.O.B. shipping point is the agreement that the purchaser pays or is responsible for the shipping costs from seller's shipping point to purchaser's location.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- F.O.B. shipping point. Purchaser pays or is responsible for the shipping costs from seller's shipping point to purchaser's location.
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.
