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Category: Accounting
When you purchase a new car, the "sticker price" includes a "destination" charge. Are you purchasing the car FOB shipping point or FOB destination? Explain.
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Category: Accounting
How are sales to customers using MasterCard and VISA recorded?
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Category: Accounting
Who bears the freight when the terms of sale are (a) FOB shipping point (b) FOB destination?
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Category: Accounting
What is the nature of (a) a credit memorandum issued by the seller of merchandise (b) a debit memorandum issued by the buyer of merchandise
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Category: Accounting
What is the meaning of (a) 2/10, n/30; (b) n/90; (c) n/eom
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