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Accounting 10 > Chapter 5 FOB Shipping Point And Destination > Flashcards

Chapter 5 FOB Shipping Point And Destination Flashcards

0
Q

FOB Shipping Point
Perpetual
Seller
(Buyer Pays)

A

No Transaction

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1
Q

FOB Shipping Point
Perpetual
Buyer
(Buyer Pays)

A

Dr. Inventory

Cr. Cash

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2
Q

FOB Shipping Point
Perpetual
Buyer
(Seller Pays for Buyer)

A

Dr. Inventory

Cr. Accounts Payable- Seller

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3
Q

FOB Shipping Point
Perpetual
Seller
(Seller Pays for Buyer)

A

Dr. Accounts Receivable- Buyer

Cr. Cash

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4
Q

FOB Destination
Perpetual
Buyer
(Seller Pays)

A

No Transaction

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5
Q

FOB Destination
Perpetual
Seller
(Seller Pays)

A

Dr. Delivery Expense

Cr. Cash

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6
Q

FOB Destination
Perpetual
Buyer
(Buyer Pays for Seller)

A

Dr. Accounts Payable- Seller

Cr. Cash

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7
Q

FOB Destination
Perpetual
Seller
(Buyer Pays for Seller)

A

Dr. Delivery Expense

Cr. Accounts Receivable- Buyer

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8
Q

FOB Shipping Point
Periodic
Buyer
(Buyer Pays)

A

Dr. Freight In

Cr. Cash

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9
Q

FOB Shipping Point
Periodic
Seller
(Buyer Pays)

A

No transaction

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10
Q

FOB Shipping Point
Periodic
Buyer
(Seller Pays for Buyer)

A

Dr. Freight In

Cr. Accounts Payable- Seller

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11
Q

FOB Shipping Point
Periodic
Seller
(Seller Pays for Buyer)

A

Dr. Accounts Receivable- Buyer

Cr. Cash

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12
Q

FOB Destination
Periodic
Buyer
(Seller Pays)

A

No Transaction

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13
Q

FOB Destination
Periodic
Seller
(Seller Pays)

A

Dr. Delivery Expense

Cr. Cash

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14
Q

FOB Destination
Periodic
Buyer
(Buyer Pays for Seller)

A

Dr. Accounts Payable- Seller

Cr. Cash

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15
Q

FOB Destination
Periodic
Seller
(Buyer Pays for Seller)

A

Dr. Delivery Expense

Cr. Accounts Receivable- Buyer

Accounting 10 (2 decks)

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