Problembasically we have fob shipping point and fob, Ask an Expert

Accounting

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Basically, we have FOB shipping point and FOB destination. With FOB shipping point, the ownership (title) passes to the buyer as soon as the merchandise leaves the seller's dock (i.e. in transit). With FOB destination, the title doesn't pass until the merchandise actually reaches the buyer's location.

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Question: Why might shipping terms be especially important at a company's fiscal year end?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165658

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