What is the significance of FOB Shipping Point and FOB Destination?

Content What are FOB shipping terms? FOB costs Meaning of FOB Destination What is FOB Destination? Meaning, Terms, Who Pays? Are rules different when operating under FOB destination? Accounting relevance Sales Discounts and Sales Returns and Allowances are contra-revenue accounts meaning they are REVENUE accounts but debits will increase and credits will decrease. Sellers record […]