When.com Web Search

Search results

1. Results From The WOW.Com Content Network

2. Freight expense - Wikipedia

   en.wikipedia.org/wiki/Freight_expense

   In accounting, the concept of a freight expense or freight spend account can be generalized as a payment for sending out a product to a customer. It falls under the umbrella category of expenses and is treated like other expense accounts in relation to the accounting equation, however, under generally accepted accounting rules, if the freight is Freight expense has a normal debit balance.

3. Cost of goods sold - Wikipedia

   en.wikipedia.org/wiki/Cost_of_goods_sold

   Certain expenses are included in COGS. Expenses that are included in COGS cannot be deducted again as a business expense. COGS expenses include: The cost of products or raw materials, including freight or shipping charges; The direct labor costs of workers who produce the products; The cost of storing products the business sells;

4. Freight audit - Wikipedia

   en.wikipedia.org/wiki/Freight_audit

   By choosing a freight invoice verification model, a customer can forecast the freight cost to be accrued for accounting purposes. This translates to lesser risk and more predictability in cash flow for the company. Akzo Nobel’s automated freight audit process has also instilled tighter controls over their freight accounting by eliminating ...

5. Expense account - Wikipedia

   en.wikipedia.org/wiki/Expense_account

   An expense account is the right to reimbursement of money spent by employees for work-related purposes. [1] Some common expense accounts are Cost of sales, utilities expense, discount allowed, cleaning expense, depreciation expense, delivery expense, income tax expense, insurance expense, interest expense, advertising expense, promotion expense, repairs expense, maintenance expense, rent ...

6. Carrying cost - Wikipedia

   en.wikipedia.org/wiki/Carrying_cost

   In marketing, carrying cost, carrying cost of inventory or holding cost refers to the total cost of holding inventory. This includes warehousing costs such as rent, utilities and salaries, financial costs such as opportunity cost , and inventory costs related to perishability, shrinkage , and insurance. [ 1 ]

7. FIFO and LIFO accounting - Wikipedia

   en.wikipedia.org/wiki/FIFO_and_LIFO_accounting

   In the FIFO example above, the company (Foo Co.), using LIFO accounting, would expense the cost associated with the first 75 units at $59, 125 more units at $55, and the remaining 10 units at $50. Under LIFO, the total cost of sales for November would be $11,800. The ending inventory would be calculated the following way: