Is it expensed to freight charges?or to deduct to gain on sale?
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Is it expensed to freight charges?or to deduct to gain on sale?
Debit Freight-out for the amount
Credit Cash is paid, or Accounts Receivable if billed to customer for the amount.
Thank you.. I thought what I know is wrong..
What will be the entry in profit and loss account for air freight charges?
Freight-out is a Sales Expense, so it will reduce your gross sales.
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