3 years ago

Are freight charges contra-asset?

1 answer:

6 0

Answer:

When tou are shipping freight to your customers, the cost of making that delivery is an expense that comes out of your ledger as a debit. This is considered a selling expense and is known as freight-out. When you make a purchase and the supplier bills you for shipping, that is referred to as a freight-in.

Explanation:

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3 years ago

Are freight charges contra-asset?​

Are freight charges contra-asset?