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No. A freight bill only shows that the equipment was shipped. A signed delivery receipt would be needed. The equipment could have been lost or damaged and therefore not, or no longer, an asset.

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โˆ™ 2007-07-06 16:03:49
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Which stage of disbursement accounting is also known as the accounts payable stage

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Q: Can freight bills that are used to ship equipment be allocated to fixed assets?
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