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If the title to merchandise purchases passes to the buyer when the goods are delivered to the buyer the terms are?
Wiki User
∙ 11y ago
FOB destination
Wiki User
∙ 11y ago
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If title to merchandise purchases passes to the buyer when the goods are shipped from the selle the terms are?
FOB shipping point
If the ownership of merchandise passes to the buyer when the seller delivers the merchandise for shipment the terms are stated as FOB destination True or False?
false
When merchandise is returned under the perpetual inventory system the buyer would credit a. Accounts Payable b. Merchandise Inventory c. Purchases Returns and Allowances...?
The Buyer would likely perform the following transaction: DR- Account Receivable CR - Merchandise Inventory The Buyer would probably debit CASH if they receive CASH from the Seller instead of having to WAIT on it. The Merchandise Seller would perform the following transaction: DR - Merchandise Inventory CR - Accounts Payable, OR CASH
What is a buyer?
A buyer is a person who makes one or more purchases.
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
What is co buyer?
An individual who purchases a vehicle jointly with a Buyer, and is jointly liable for repayment of the loan.
The buyer who purchases and takes ownership of another company's accounts receivable is called a?
The buyer who purchases and takes ownership of another company's accounts receivable is called a factor.
What is a wholesale buyer?
A wholesale buyer is a person or business that purchases from a wholesaler or manufacturer and then sells direct as a retailer or sells to a retailer.
What is a buyer's premium?
A buyer's premium is a bonus paid by a buyer in addition to normal payments or cost, usually made to an auctioneer or merchandise club to cover administrative costs.
What is a Buyer's Premium?
A buyer's premium is a bonus paid by a buyer in addition to normal payments or cost, usually made to an auctioneer or merchandise club to cover administrative costs.
Which term indicates that merchandise is free of transportation charges to the buyer?
FOB Destination
