Weba. P160 b. P150 c. P140 d. P100. 18. Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for P15,000. The seller paid transportation coste ot P1,000 and issued a credit memorandum for P5,000 prior to payment. WebAccounting questions and answers. When goods are shipped ________, title passes to the buyer when A) FOB Shipping Point; the carrier accepts goods from the seller. B) FOB Destination; the carrier accepts goods from the seller. C) FOB Shipping Point; the carrier accepts goods from the buyer. D) FOB Destination; the seller manufactures the goods.
Journal entry for FOB shipping point - Accountinginside
WebFeb 9, 2024 · Di bawah ini pernyataan tepat mengenai FOB Shipping Point dan FOB Destination Point adalah …. A. Beban angkut pada FOB Shipping Point ditanggung oleh penjual, sedangkan FOB Destination Point ditanggung pembeli. B. Pada FOB Shipping Point barang menjadi milik pembeli ketika barang sudah sampai di gudang pembeli, … WebApr 3, 2024 · Free on Board. Unlike EXW, when a buyer and a seller enter a Free on Board (FOB) trade agreement, the seller is obligated to deliver the goods to a destination for transfer to a carrier designated ... darlington sc homes for sale
CHAPTER 10-Inventories (Summary, Problems, Solutions)
WebMar 30, 2024 · The difference between shipping point and destination is at what point does the seller transfer ownership of the shipment to the buyer. By identifying who is … FOB shipping point is a term used in the transportation industry to indicate who is responsible for the costs associated with the shipment of goods. For example, if the buyer has agreed to FOB shipping point, then the buyer is responsible for the shipping costs from the seller's warehouse to the buyer's … See more Of course, it is in the buyer’s best interest to have the shipping terms be stated as FOB (the buyer’s location), or FOB Destination. So if the buyer is headquartered in … See more While shipping costs are determined by when the buyer takes ownership of a particular order of goods, a company’s accounting system is … See more While FOB is the most commonly-used shipping point, others include: 1. FAS. Free Alongside, which means that the seller must deliver … See more WebMar 15, 2024 · 2. FOB [place of origin], Freight Prepaid. The buyer has the ownership and the liability of goods when they get picked up, but the seller pays the shipping cost. 3. … bismuth australia