Merchandise that has been shipped by a supplier but the merchandise has not yet reached the
customer’s location. Goods in transit that were shipped FOB Shipping Point should be included
in the customer’s purchases and inventory. Goods in transit that were shipped FOB Destination
should be reported in the supplier’s inventory.
Featured Review
"My current position is as Accountant/Tax Preparer, with 20 years experience. I became a PRO user because I wanted all the information provided by the website to be available to me. The materials are easy to follow, and I like how you can get a certificate as proof of your achievements. Not only do I use the materials for myself, but I also use these to help teach employees that were not previously familiar with the concept. " - Angela G.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,645 reviewsWe now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping: