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Frieght in is when paid at time of goods purchased while freight out is when paid at the time of sales of products.

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11y ago

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What is the journal entry for Freight paid in full with a check?

freight a/c dr to cash


Are freight charges taxable?

About half of states tax freight, unless the entire transaction is non-taxable (for example, if the item is exempt from tax based on resale, the freight would be non-taxable).


Is freight taxable in Indiana?

Yes, freight is in fact taxable in the state of Indiana. However, besides Indiana, Hawaii, and Georgia, freight is not taxable in any of the other states within the United States.


Why perform freight bill audit?

Depending on your volume, having your freight bills audited monthly or quarterly is an important step to keeping your freight costs in line and maximizing all your supply chain logistics management. Enlist in the help of Tutelam.com for your freight audit and we will store, track, analyze and adjust every freight shipment efficiently. Our auditing will help you reduce your cost to ship for all freight shipping. Our experienced auditors are well trained to handle any invoices from carriers in any mode of freight transportation and can expertly address the complex pricing and service options available.


Is freight is direct or indirect expences in accounts?

Freight expenses can be classified as either direct or indirect expenses depending on the context. If the freight costs are directly associated with the transportation of goods sold, they are considered direct expenses. However, if the freight is related to general operations or overhead, it may be classified as an indirect expense. Ultimately, the classification depends on how the freight costs are incurred and their relation to the production or sales process.

Related Questions

Differentiate freight prepaid and freight collect?

Prepaid= who ever is shipping Collect =who ever it is delivered to


What are the classes of freight?

There are several types of freight as below: Advance freight Lump freight Freight pro rata Part delivery Back freight


What is a object that is 1 kilometer?

A long freight train.A long freight train.A long freight train.A long freight train.


What is the difference between freight collect and freight prepaid?

freight prepaid is the shipper pays the freight cost and freight collect is the consignee whom burdens for the cost related.


What is the difference between freight prepaid abroad and freight prepaid?

what is the difference between freight prepaid and freight prepaid abroad


What is shipping and freight forrwarding?

Freight shipping and freight forwarding is the transport of freight and cargo from one destination to another. This could be nationwide or worldwide.


What is a sentence for freight train?

The freight train was running late.We need to be on the next freight train.


Where can one search for companied involved in truck freight in Texas?

There are a number of truck freight companies situated in Texas. A few of these are Texas Freight, Dixie Freight and Fast Freight Services. Had one wanted to search a freight companies website for more options, one could visit Freight Center.


Which is safer for freight forwarding. air freight or sea freight?

There isn't really a safer method for freight shipping. Both sea and air freight shipping are just as safe as each other. However, air freight shipping is probably better for longer distances as it is a quicker way of freight shipping.


Is old dominion freight a union company?

No they are not. About the only union freight lines left are UPS Freight, YRC ( Yellow/Roadway), and ABF Freight.


What is a sentence for freight?

The freight on the trailer truck was mostly in boxes. You can have this piano if you'll pay the freight.


What is freight payable at destination?

Freight collect