College Accounting (Book Only): A ...
Solutions
College Accounting (Book Only): A ...
Explain the meaning and importance of the shipping terms FOB destination and FOB shipping point. Who has title to the goods once they have been shipped?
Elaborate the meaning and importance of shipping terms FOB destination and FOB shipping point. State the party that has title of goods after the shipping of goods.
FOB destination: When the seller bears the freight charges for the delivery of merchandise from the point of origin, it is referred to as FOB (freight-on-board) destination. So, the title of ownership would be held with the buyer only at the destination point.
FOB shipping point: When the buyer bears the freight charges for t...
Chapter 9 Solutions
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