Comparing FOB Shipping vs FOB Destination: What’s the Difference?
The equipment manufacturer would not record a sale until delivery to the shipping point; it is at this point the manufacturer would record an entry for accounts receivable and reduce its inventory balance. Though in line with the accounting treatment mentioned above, should i use quickbooks self it is worth explicitly calling out that FOB shipping point and FOB destination transfer ownership at different times. In an FOB shipping point […]