1.

Freight in and freight out in financial statements​

Answer»

ANSWER:

Freight out is an expense for a business and is PART of the INCOME statement. It is the cost to a business of shipping its products to its customers. In the income statement, freight out is included as a variable cost under cost of goods sold as it is only incurred if a PRODUCT is sold to a customer.



Discussion

No Comment Found

Related InterviewSolutions