Please explain freight in and freight out in regards to chart of accounts. I believe that freight in should go to cost of goods sold and freight out is an expense. On the freight out we have both where we charge a customer and when we pay it on orders over $50.00 do they get recorded the same way?

How to calculate doubtful debts

What does it mean to calculate the funding levels and capital gains based on the company's annual report?

Should the balance in a 401k forfeiture account be a prepaid expense?

u09a1 Budget Variance Analysis For the second quarter in a row, profits are down at Waterfall division. - Division Management budgeted $250,000 in profits for the 2nd quarter - but actual results were only $197,000 in profits. - The division management insists that the budgets were...