Freight which is the responsibility of the seller and paid by the seller.Group of answer choicesFOB SP, CollectFOB DP, PrepaidFOB DP, CollectFOB SP, Prepaid
Question
Solution 1
The freight that is the responsibility of the seller and paid by the seller is FOB Destination Point, Prepaid (FOB DP, Prepaid).
Here's why:
FOB stands for "Free On Board," which is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
he journal entry to record the purchase on account of $950 of merchandise with freight of $45 prepaid by their supplier and added to the invoice is:
The journal entry to record the purchase of merchandise on account for $3,950 with freight of $245 prepaid by their supplier and added to the invoice is:
FOB shipping point means that the title to the goods passes to the purchaser upon receipt of the goods and the seller is responsible for the cost of the freight.
Which of the following is not an asset? Question 2 Answer Prepaid Rent Equipment Accounts Payable Vehicles
This is currency that is accepted for payment by any international seller.Group of answer choicesCrypto currencyHard currencyAll of theseSoft currency
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.