A Freight Bill Is

question 10

Multiple Choice

A freight bill is:

• A)a document submitted to recoup financial costs from shipment of loss or damage.
• B)the carrier's invoice for services provided.
• C)submitted in situations when it is evident on delivery that loss or damage has occurred.
• D)a document submitted to recoup financial costs from shipment of loss or damage and the carrier's invoice for services provided.
• E)a document submitted to recoup financial costs from shipment of loss or damage and submitted in situations when it is evident on delivery that loss or damage has occurred.

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Definitions:

Balance Sheet

A document detailing a business's resources, financial obligations, and the equity of its shareholders at a given time.

LIFO

An accounting method for valuing inventory that assumes the most recently acquired items are sold first, with costs of older inventory used for valuation.

Ending Inventory Balance

The value of unsold goods that a company holds at the end of an accounting period.

Cost Of Goods Sold

The total direct expenses related to producing goods sold by a business.