What is Freight-in

What is Freight-in and what are its conditions?

E

Expert

Verified

Freight-in is one of the direct expenses that are paid by purchaser of goods. This is comprised in cost of goods for knowing gross profit. Freight-in might give to road or train transport. When company imports goods from foreign country, loading charges through ship or air will be as well freight-in. When buyer has employed both means and paid freight-in for buying goods, all such cost will be the portion for computing cost of goods sold and also cost per unit goods sold.

   Related Questions in Financial Accounting

  • Q : Accouning Required parts are clearly

    Required parts are clearly describes at the end of the questions and additional resource contains the journal article related to question three.. Approx 2000 word assignment.. First Question is of not more than 1000 words to make memorandum and its example is given at end of assignment and require

  • Q : Accountant & Financial In Business

    Questions 1. Identify the services or programs to be included in the cost and profitability analysis. 2. Examine the costs listed in Table 2. a. Identify the direct costs associated with each service or program. b. Which costs would be organization

  • Q : Working capital what are the

    what are the disadvantages of having adequate working capital?

  • Q : Great Society programs What are the

    What are the goals of “Great Society” programs?

  • Q : What is Account What is Account .

    What is Account. Explain briefly.

  • Q : Define Margin Improvement Margin

    Margin Improvement: Margins in the business remained beneath pressure, even previous to the economic downturn for the industry as an entire, returns on capital have continued under the cost of capital. Previous to the falls in the second half of the y

  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

  • Q : Money how much money do i have to earn

    how much money do i have to earn monthly?

  • Q : Foreign entity’s functional and parent

    Specify some of instances under FASB 52 that foreign entity’s functional currency would be same as the parent firm’s currency.

  • Q : Procedure of bringing new international

    Describe the procedure of bringing the new international bond issue to the market.

©TutorsGlobe All rights reserved 2022-2023.