Freight-In
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.
