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    grace.device's Avatar
    grace.device Posts: 5, Reputation: 1
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    #1

    Sep 1, 2010, 01:48 AM
    Journal entry for freight charges of equipment sold to buyer and delivered at its des
    Is it expensed to freight charges?or to deduct to gain on sale?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Sep 1, 2010, 06:43 AM

    Debit Freight-out for the amount
    Credit Cash is paid, or Accounts Receivable if billed to customer for the amount.
    grace.device's Avatar
    grace.device Posts: 5, Reputation: 1
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    #3

    Sep 2, 2010, 10:03 PM
    Comment on pready's post
    Thank you.. I thought what I know is wrong..
    samia ansari's Avatar
    samia ansari Posts: 1, Reputation: 1
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    #4

    Dec 11, 2012, 04:00 AM
    What will be the entry in profit and loss account for air freight charges?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #5

    Dec 11, 2012, 11:02 AM
    Freight-out is a Sales Expense, so it will reduce your gross sales.
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