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en.wikipedia.org/wiki/Freight_expense

In accounting, the concept of a freight expense or freight spend account can be generalized as a payment for sending out a product to a customer. It falls under the umbrella category of expenses and is treated like other expense accounts in relation to the accounting equation, however, under generally accepted accounting ...

www.principlesofaccounting.com/illustrative%20entries/illustrative%20entry%20for%20freight-out%20and%20-in.htm

6-6-X4. Purchases. 8,000. Freight-in. 1,500. Cash. 1,500. Accounts Payable. 8,000. Purchased $8,000 of inventory, terms F.O.B. shipping point, and paid the shipping freight bill of $1,500 ...

www.accountingcoach.com/terms/F/freight-in

freight-in. The shipping cost to be paid by the buyer of merchandise purchased when the terms are FOB shipping point. Freight-in is considered to be part of the cost of the merchandise and should be included in inventory if the merchandise has not been sold. Related Q&A. What is meant by reconciling an account?

cerasis.com/2014/08/07/accounting-for-freight

Aug 7, 2014 ... That means that, in practice, it is recorded as part of the asset's value and figured into your calculations as a “laid down cost.” Your ledger must reflect the figures accordingly. Know Cost of Sales-Freight Account: When accounting for freight costs, freight expense accounts must not be confused with similar ...

info.bookskeep.com/blog/freight-and-shipping-cogs-or-expense

Aug 29, 2016 ... How do you handle freight? Is it included in your cost of goods sold calculation? Or do you pay it from an expense account designated for freight or shipping?

www.accountingtools.com/articles/2017/5/10/freight-in

May 10, 2017 ... Freight in is the transportation cost associated with the delivery of goods from a supplier to the receiving entity. For accounting purposes, the recipient adds this cost to the cost of the received goods. May 10, 2017 / Steven Bragg/. Definitions. Share ...

www.accountingtools.com/articles/2017/5/10/freight-out

May 10, 2017 ... Instead, the revenue is to be reported separately from the freight out expense. In some cases, the amount of unreimbursed freight out is so small that the balance in the freight out account is aggregated into the "other cost of goods sold" line item in the income statement. If a profitability analysis by customer ...

www.double-entry-bookkeeping.com/operating-expenses/fob-accounting

May 22, 2017 ... FOB accounting deals with the treatment of freight charges and how they are recorded in the accounting records. FOB is a shipping term meaning Free on Board. ... Account, Debit, Credit. Accounts receivable, 5,000. Sales, 5,000. Freight out, 600. Cash, 600. Total, 5,600, 5,600 ...

www.lojistic.com/blog/when-should-freight-costs-be-recorded-in-accounting

May 31, 2013 ... When goods are delivered to your clients around the world, you record the cost of making that delivery in the form of a debit that impacts your freight expense account. When you purchase goods from a supplier who requires you to pay for shipping costs attendant to that order, regardless of how much is ...