If the Shipping Terms Are FOB Shipping Point and the Freight

question 87

Multiple Choice

If the shipping terms are FOB shipping point and the freight bill is $200, the purchaser, using a perpetual inventory system would record payment of the freight with a debit to:

• A)Inventory and credit to Cash for $200.
• B)Accounts Payable and credit to Inventory for $200.
• C)Inventory and credit to Purchases Discounts for $200.
• D)Purchases Discounts and credit to Inventory for $200.

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Definitions:

Developmental Groups

Groups focused on the growth and development of their members, often through shared learning experiences, skill-building activities, or supportive interactions.

Psychological Groups

Collections of individuals who share emotional connections, common purposes, or identify as members of the same group.

Cohesive Groups

Groups characterized by strong interpersonal bonds among members, leading to high levels of cooperation and team effectiveness.

Informal Groups

Unofficial and emerge from relationships and shared interests among members.