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-   -   Journal entry for freight charges of equipment sold to buyer and delivered at its des (https://www.askmehelpdesk.com/showthread.php?t=503735)

  • Sep 1, 2010, 01:48 AM
    grace.device
    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?
  • Sep 1, 2010, 06:43 AM
    pready

    Debit Freight-out for the amount
    Credit Cash is paid, or Accounts Receivable if billed to customer for the amount.
  • Sep 2, 2010, 10:03 PM
    grace.device
    Comment on pready's post
    Thank you.. I thought what I know is wrong..
  • Dec 11, 2012, 04:00 AM
    samia ansari
    What will be the entry in profit and loss account for air freight charges?
  • Dec 11, 2012, 11:02 AM
    pready
    Freight-out is a Sales Expense, so it will reduce your gross sales.

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