Alternatively, FOB destination places the delivery responsibility on the seller. The seller maintains ownership of the goods until they are delivered, and once they’re delivered, the buyer assumes ownership. For example, assume Company XYZ in the U.S. buys computers from a supplier in China and signs a FOB destination agreement. FOB shipping point always benefits […]
Category Archives: Bookkeeping
According to Merriam Webster dictionary, to recognize something means to acknowledge formally. In accounting, recognition means to formally report an event in the financial statements. For example, Uncle Joe buys a cup of lemonade from you, Uncle Joe says he has no money to pay you at the time but he promises he will pay […]
Businesses must determine when to start preparing the master budget and how often to update it to ensure it is accurate and reliable. Spreadsheet programs are not the only way managers use technology to facilitate the budgeting process. As indicated in Note 9.30 “Business in Action 9.2” the Web is also a useful tool when […]
Once the delivery is unloaded in the receiving country, responsibility is transferred to you. Understanding the differences between each is as simple as knowing how much responsibility the buyer and supplier assume under each agreement. When you are shipping loose cargo (ie, not a full container), for example, your goods must go through a Container […]
These inspections will take a few seconds and will be done at check-in and again upon return from breaks before you enter the testing room to ensure you do not violate any security protocol. With the exception of wedding and engagement rings and small stud earrings, jewelry is prohibited. Please refrain from https://www.bookstime.com/ using ornate […]
