Unformatted text preview: Transportation Charges - Whenthe seller bears the transportation cost,
the sales invoice reads free onboard or F.0.B.
desﬁnaﬁon - Whenthe buyer bears the transportation cost, it
reads F.0.B. shipping point - In practice, accountants frequently use a
separate transportation cost account, Freight-in - Freight-in appears in the purchases section of
an income statement as an additional cost of the goods acquired during the period ...
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- Fall '07
- Financial Accounting