FOB shipping point
FOB destination
false
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
A buyer is a person who makes one or more purchases.
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
debit cash; credit merchandise inventory
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 factor.
No, you aren't obliged to inform the buyer that you have dispatched their item but it is good manners to do so. Letting your buyer know that their item has been shipped will also help to give them some idea of when they can expect the package to arrive.
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.
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.
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.