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-Expense account for recording shipping costs paid by the seller.
a. Freight
b. Delivery Expense
c. Merchandise Inventory
d. Sales discount
e. Purchases Returns and Allowances
f. Debit memo
g. Purchase discount
h. Trade discount
Employee And Agent
Individuals who perform work for another person or entity under an agreement where the employer has the right to control the details of work performance.
Sales Representative
An individual who sells products or services on behalf of a company, often tasked with reaching out to potential customers.
Workers' Compensation Insurance
Insurance that employers are required to have to cover employees who get injured on the job, providing them with financial benefits.
Employee
A person employed either on a part-time or full-time basis under an employment agreement, which can be spoken or written, explicit or tacit, and possesses acknowledged obligations and privileges.
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