Examlex
The right side of a T-account is always the:
FOB
Free On Board; a term in international commercial law specifying at what point the risk of loss shifts from the seller to the buyer.
Trade-In Allowance
The amount credited to the buyer by the seller when the buyer gives a previously owned product as part of the payment for a new product.
Price Reduction
A decrease in the price of a product or service, often to attract more customers or respond to market conditions.
Used Product
A term referring to items that have been previously owned and utilized by one or more persons before being sold or given to a new owner.
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