View Full Version : Journal entry for freight charges of equipment sold to buyer and delivered at its des
grace.device
Sep 1, 2010, 01:48 AM
Is it expensed to freight charges?or to deduct to gain on sale?
pready
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
Sep 2, 2010, 10:03 PM
Thank you.. I thought what I know is wrong..
samia ansari
Dec 11, 2012, 04:00 AM
What will be the entry in profit and loss account for air freight charges?
pready
Dec 11, 2012, 11:02 AM
Freight-out is a Sales Expense, so it will reduce your gross sales.