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freight out expenses or income??
as a seller he/she can collect money from buyer as freight expenses..my doubt is seller is going to collect money that will not an selling expenses.so those expenses or income ???plzz reply
Replies (4)
simply income
it is a expense of seller on behalf of buyer but he collect that money in its revenue from that debtor
If consider income so please tell those items are direct income or indirect??for example sell goods with gst so seller should collect money from debtor so those charges will affect gross profit??
Freight collected is indirect income and therfore credited to p&l not trading acc. It will not effect GP.
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